Exhibit 4.1


 


ASTRAZENECA PLC


 


OFFICERS’ CERTIFICATE


 


In connection with the issuance of the
$1,200,000,000 0.700% Fixed Rate Notes due 2026 (the “2026 Notes”), the $1,300,000,000 1.375% Fixed Rate
Notes due 2030 (the “2030 Notes”) and the $500,000,000 2.125% Fixed Rate Notes due 2050 (the “2050
Notes”, together with the 2026 Notes and the 2030 Notes, the “Notes” or the “Securities”)
of AstraZeneca PLC (the “Issuer”) pursuant to the Indenture, dated as of April 1, 2004 (the “Indenture”),
between the Issuer and The Bank of New York Mellon as successor Trustee (section references herein being to the Indenture), and
pursuant to the authorization of the Board of Directors of the Issuer at its meetings held on April 28, 2020 and the authorization
of the Issuer’s Finance Committee by written resolution dated July 31, 2020, the undersigned hereby confirms that, to the
extent not otherwise provided for in the Indenture, the following forms, terms and conditions of the Notes were established as
required pursuant to Section 2.01 and Section 2.08 of the Indenture:


 


	Title of Notes	
0.700%
Fixed Rate Notes due 2026

1.375%
Fixed Rate Notes due 2030

2.125%
Fixed Rate Notes due 2050

         

	Initial Aggregate Principal Amount of Notes	
2026
Notes: U.S.$1,200,000,000

2030
Notes: U.S.$1,300,000,000

2050
Notes: U.S.$500,000,000

         

	Price to Public	 
	 	
2026
Notes: 99.595% of the Principal Amount per 2026 Note, plus accrued interest, if any, from August 6, 2020

         

2030
Notes: 99.712% of the Principal Amount per 2030 Note, plus accrued interest, if any, from August 6, 2020

         

2050
Notes: 97.906% of the Principal Amount per 2050 Note, plus accrued interest, if any, from August 6, 2020

         

	Issue Date	
2026
Notes: August 6, 2020

2030
Notes: August 6, 2020

2050
Notes: August 6, 2020

         

	Form of Notes	The Notes will be issued in the form of global notes that will be deposited with The Depository Trust Company, New York, New York (“DTC”) on the closing date. Seven global notes will be issued to DTC, which will be executed and delivered in substantially the form of Notes set forth in Exhibits A, B and C hereto.  In certain circumstances described in the Indenture, Notes may be issued in definitive form.

                                 

	Maturity	
2026
Notes: April 8, 2026

2030
Notes: August 6, 2030

2050
Notes: August 6, 2050

         

	Interest Rate for Notes	
2026
Notes: 0.700% per annum, accruing from August 6, 2020

2030
Notes: 1.375% per annum, accruing from August 6, 2020

2050
Notes: 2.125% per annum, accruing from August 6, 2020

         

	Interest Periods for Notes	The first interest period for the Notes will be the period from and including the original issue
date to but excluding the first Interest Payment Date (as defined below). Thereafter, the interest periods for the Notes will
be the periods from and including the Interest Payment Dates to but excluding the immediately succeeding Interest




    C-2 


     


    

	 	Payment Date (together with the first interest period, each a “Interest
    Period”). The final Interest Period will be the period from and including the Interest Payment Date immediately
    preceding the maturity date to the maturity date, or the redemption date. Payment Date (as defined below). Thereafter, the
    interest periods for the Notes will be the periods from and including the Interest Payment Dates to but excluding the
    immediately succeeding Interest Payment Date (together with the first interest period, each a “Interest
    Period”). The final Interest Period will be the period from and including the Interest Payment Date immediately
    preceding the maturity date to the maturity date, or the redemption date.
	 	 
	Interest Payment Dates	
        Interest on the 2026 Notes shall be payable semi-annually
        in arrears on April 8 and October 8, commencing April 8, 2021 (each, a “2026 Interest Payment Date”).

         

        Interest on the 2030 Notes shall be payable semi-annually
        in arrears on February 6 and August 6, commencing February 6, 2021 (each, a “2030 Interest Payment Date”).

         

        Interest on the 2050 Notes shall be payable semi-annually
        in arrears on February 6 and August 6, commencing February 6, 2021 (each, a “2050 Interest Payment Date”, and
        together with each 2026 Interest Payment Date and each 2030 Interest Payment Date, each an “Interest Payment Date”).

         

	 	Notwithstanding the above, if an Interest Payment Date would fall on a day that is not a business day (as defined below), the Interest Payment Date will be postponed to the next succeeding day that is a business day, but no additional interest shall be paid unless the issuer fails to make payment on such date.
	 	 
	Regular Record Dates for Interest	Interest shall be paid to the holder in whose name the Notes are registered at the close of business on the 15th calendar day preceding the Interest Payment Date, whether or not such day is a business day.
	 	 
	Business day	Any day which is not, in London, England or New York, New York, or the place of payment of amounts payable in respect of the Notes, a Saturday, a Sunday, a legal holiday or a day on which banking institutions are authorized or obligated by law, regulation or executive order to close.
	 	 
	Place of Payment, Registration of Transfer and Exchange, Paying Agent	
        The Bank of New York Mellon

        240 Greenwich Street

        New York, NY 10286

        

        United States

         

	Trustee	The Bank of New York Mellon
	 	 
	Notice and Demands to Issuer	
        1 Francis Crick Avenue 

        Cambridge Biomedical Campus 

        Cambridge CB2 0AA

        England, United Kingdom

        Attn: The Company Secretary

         

	Redemption Provisions:	 
	Optional Tax Redemption for any series of Notes	Optional, in whole but not in part, at the option of the Issuer, at any time in accordance with the terms set forth in the relevant form of Notes set forth in Exhibits A, B and C hereto.




    C-3 


     


    

	Optional Redemption for any series of Notes	Optional, in whole or in part, from time to time as follows: (i) prior to the applicable Par Call Date (as set forth below), at a redemption price equal to the greater of (A) 100% of the principal amount of such Notes to be redeemed, and (B) as determined by the Quotation Agent (as defined below), the sum of the present values of the remaining scheduled payments of principal and interest on such Notes to be redeemed (assuming for this purpose that such series of Notes matured on the applicable Par Call Date and not including any portion of such payments of interest accrued as of the date of redemption) discounted to the date of redemption on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus the Make Whole Spread (as set forth below) and (ii) on or after the applicable Par Call Date, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus, in each case, accrued interest thereon to but excluding the date of redemption.
	 	 
	 	“Treasury Rate” means, with respect to any redemption date, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date.
	 	 
	 	“Comparable Treasury Issue” means the United States Treasury security selected by the Quotation Agent as having a maturity comparable to the remaining term of the applicable series of Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such series of Notes (assuming for this purpose that such series of Notes matured on the applicable Par Call Date).
	 	 
	 	“Comparable Treasury Price” means, with respect to any redemption date, (i) the average, as determined by the Quotation Agent, of the Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (ii) if the Quotation Agent obtains fewer than three such Reference Treasury Dealer Quotations, the average of all such Quotations.
	 	 
	 	“Quotation Agent” means the Reference Treasury Dealer appointed by the Issuer.
	 	 
	 	“Reference Treasury Dealer” means (i) each of BofA Securities, Inc., HSBC Securities (USA) Inc. and Mizuho Securities USA LLC, and their respective successors or affiliates; provided, however, that if the foregoing shall cease to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury Dealer”), the Issuer shall substitute therefor another Primary Treasury Dealer; and (ii) any other Primary Treasury Dealer selected by the Issuer.
	 	 
	 	“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to




    C-4 


     


    

	 	the Trustee by such Reference Treasury Dealer at 3:30 p.m., New York City time, on the third business day preceding such redemption date.
	 	 
	 	“Make-Whole Spread” means, with respect to, (i) the 2026 Notes, 10 basis points, (ii) the 2030 Notes, 15 basis points and (iii) the 2050 Notes, 15 basis points.
	 	 
	 	“Par Call Date” means, with respect to, (i) the 2026 Notes, March 8, 2026, (ii) the 2030 Notes, May 6, 2030 and (iii) the 2050 Notes, February 6, 2050.
	 	 
	Redemption Notices	Notice of any redemption will be given to DTC at least 15 days but not more than 60 days prior to the redemption date to the Holders.  Unless the Issuer defaults in payment of the Redemption Price, on and after the redemption date, interest will cease to accrue on the Notes or portions thereof called for redemption.
	 	 
	Defeasance and Discharge of the Notes (Section 9.03)	Applicable. Section 9.03(iii) of the Indenture, is amended and replaced with “the Issuer shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel each stating that all conditions precedent provided for relating to the defeasance, have been complied with and an Opinion of Counsel to the effect that the Holders of the debt securities of that series will not recognize gain or loss for U.S. federal income tax purposes as a result of the defeasance and will be subject to the same U.S. federal income tax as would be the case if the defeasance did not occur.”
	 	 
	Further Issuances	The Issuer may, at its option, at any time and without the consent of the then existing Holders, reopen any series of Notes and issue additional Notes in one or more transactions after the date of the Prospectus Supplement (as defined below) with terms (other than the issuance date and, possibly, first interest Payment Date, original interest accrual date and issue price) identical to the original series of Notes. These additional Notes will be deemed to have been part of the applicable original series of Notes and will provide the Holders of these additional Notes the right to vote together with Holders of the applicable original series of Notes; provided, however, that if these additional Notes are not fungible with the applicable original series of Notes for U.S. federal income tax purposes, these additional Notes will have a different CUSIP or other identifying number.
	 	 
	Sinking Fund	None.
	 	 
	Additional Amounts	Pursuant to the relevant form of Notes set forth in Exhibits A, B and C hereto, the Issuer may, subject to certain exceptions, be obligated to pay additional amounts.
	 	 
	Electronic Execution	The words “execution,” “signed,” “signature,” “delivery,” and words of like import in or relating to the Indenture or any document to be signed in connection with the Indenture (including the certificate of authentication, certificate of the Trustee and the Securities (as defined in the Indenture)) shall be deemed to include electronic signatures (e.g., by DocuSign or Adobe Sign), deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-




    C-5 


     


    

	 	based recordkeeping system, as the case may be, and the parties hereto and thereto consent to conduct the transactions contemplated hereunder by electronic means.
	 	 
	Other Terms of the Notes	The other terms of the Notes shall be substantially as set forth in the Indenture, the relevant form of Notes attached hereto as Exhibits A, B and C, the Prospectus dated November 8, 2019 (the “Prospectus”) relating to the Notes and the Prospectus Supplement dated August 3, 2020 to the Prospectus (the “Prospectus Supplement”).
	 	 




    C-6 


     


    

Each of the undersigned hereby certifies
that:


 


1.       He
has read the provisions of the Indenture setting forth covenants and conditions to the Trustee’s authentication and delivery
of the Securities and the definitions in the Indenture relating thereto.


 


2.       He
has examined the resolutions of the Board of Directors and the Finance Committee of the Issuer adopted prior to the date hereof
relating to the authorization, issuance, authentication and delivery of the Securities, such other corporate records of the Issuer,
as applicable, and such other documents deemed necessary as a basis for the opinion hereinafter expressed.


 


3.       In
his opinion, such examination is sufficient to enable him to express an informed opinion as to whether or not the covenants and
conditions referred to above have been complied with.


 


4.       He
is of the opinion that the covenants and conditions referred to above have been complied with.


 




    C-7 


     


    

IN WITNESS WHEREOF, each of the undersigned
has hereunto signed his name.


 


Dated: August 6, 2020


 


	/s/  Jonathan Slade
	Name:	Jonathan Slade
	Title:	Group Treasurer



	/s/ Matthew Bowden
	Name:	Matthew Bowden
	Title:	Deputy Company Secretary




 





	 



 



     


     


    

Exhibit A


 


 


 


 




     


     


    

THIS SECURITY IS A GLOBAL REGISTERED SECURITY WITHIN THE
MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY
MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE
REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED
IN THE INDENTURE.


 


ASTRAZENECA PLC


 


0.700% Notes due 2026


 


No. 001


U.S.$500,000,000


 


CUSIP No. 046353AV0 


ISIN No. US046353AV09


 


ASTRAZENECA PLC, a public limited company
incorporated under the laws of England and Wales (herein called the “Issuer”, which term includes any successor
Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered
assigns, the principal sum of Five Hundred Million United States Dollars on August 6, 2026 and to pay interest thereon from August
6, 2020 or from the most recent Interest Payment Date (as defined below) to which interest has been paid or duly provided for,
semiannually in arrears on April 8 and October 8 in each year, commencing April 8, 2021 (each, an “Interest Payment Date”),
at the rate of 0.700% per annum, until the principal hereof is paid or made available for payment. The interest so payable, and
punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in
whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date
(as defined below) for such interest which shall be the 15th calendar day preceding such Interest Payment Date (whether
or not such day is a Business Day (as defined below)), as the case may be. Any such interest not so punctually paid or duly provided
for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose
name this Security (or one or more Predecessor Securities) is registered at the close of business on a subsequent record date (the
“Special Record Date”) for the payment of such defaulted interest to be fixed by the Trustee (which shall not
be less than five Business Days prior to the date of payment of such defaulted interest), notice whereof shall be given to Holders
of Securities of this series not less than 15 days prior to such Special Record Date, or be paid at any time in any other lawful
manner not inconsistent with the requirements of any securities


 




     


     


    

exchange
on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully
provided in said Indenture.


 


Payment of the principal of (and premium,
if any) and any such interest on this Security will be made at the office or agency of the Issuer maintained for that purpose in
New York City, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of
public and private debts; provided, however, that at the option of the Issuer payment of interest may be made by
check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register.


 


Reference is hereby made to the further
provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect
as if set forth at this place.


 


Unless the certificate of authentication
hereon has been executed by the Trustee by manual signature of an authorized signatory, this Security shall not be entitled to
any benefit under the Indenture or be valid or obligatory for any purpose.


 




     


     


    

IN WITNESS WHEREOF, the Issuer has caused
this instrument to be duly executed.


 


Dated: August 6, 2020


 





	 	ASTRAZENECA PLC
	 	 
	 	 
	 	By: 	/s/ Jonathan Slade
	 	 	Name:	Jonathan Slade

	 	 	Title:	Group Treasurer



 


	 	 
	 	By: 	/s/ Matthew Bowden
	 	 	Name:	Matthew Bowden

	 	 	Title:	Deputy Company Secretary





 











	 






 


 


[Signature
page to Global Note]


 



     


     


    




 


This is one of the Securities of the series
designated herein and referred to in the within-mentioned Indenture.


 


Dated: August 6, 2020


 


 


 


	 	THE BANK OF NEW YORK MELLON
	 	As Trustee
	 	 
	 	 
	 	By: 	/s/ Leslie Morales
	 	 		





 


 


 




     


     


    

This Security is one of a duly authorized
issue of securities of the Issuer (herein called the “Securities”), issued and to be issued in one or more series
under an Indenture, dated as of April 1, 2004 (herein called the “Indenture” which term shall have the meaning
assigned to it in such instrument), among the Issuer and The Bank of New York Mellon (formerly known as The Bank of New York),
as successor Trustee (herein called the “Trustee”, which term includes any other successor trustee under the
Indenture) to JPMorgan Chase Bank, and reference is hereby made to the Indenture and to the Officers’ Certificate delivered
pursuant to Section 2.08 of the Indenture with respect to this security for a statement of the respective rights, limitations of
rights, duties and immunities thereunder of the Issuer, the Trustee and the Holders of the Securities and of the terms upon which
the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof,
initially limited in aggregate principal amount to U.S.$1,200,000,000.


 


The Securities of this series are subject
to redemption, as a whole or in part, from time to time, at the election of the Issuer, upon not less than 15 nor more than 60
days’ notice, as follows: (i) prior to March 8, 2026 (the “Par Call Date”), at a Redemption Price equal
to the greater of (A) 100% of the principal amount of the Securities to be redeemed, and (B) as determined by the Quotation Agent
(as defined below), the sum of the present values of the remaining scheduled payments of principal and interest thereon (assuming
for this purpose that such series of Notes matured on the Par Call Date and not including any portion of such payments of interest
accrued as of the date of redemption) discounted to the date of redemption on a semiannual basis (assuming a 360-day year consisting
of twelve 30-day months) at the Treasury Rate plus 10 basis points, and (ii) on or after the Par Call Date, at a redemption price
equal to 100% of the principal amount of the Securities to be redeemed; plus, in each of cases (A) and (B) above, accrued interest
thereon to but excluding the date of redemption.


 


“Business Day” means any day which is
not, in London, England or New York, New York, or the place of payment of amounts payable in respect of the Securities, a Saturday,
a Sunday, a legal holiday or a day on which banking institutions are authorized or obligated by law, regulation or executive order
to close.


 


“Comparable Treasury Issue” means the
United States Treasury security selected by the Quotation Agent as having an actual or interpolated maturity comparable to the
remaining term of the Securities to be redeemed that would be utilized, at the time of selection and in accordance with customary
financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Securities
(assuming for this purpose that such Securities matured on the Par Call Date).


 




     


     


    

“Comparable Treasury Price” means, with
respect to any redemption date, (i) the average, as determined by the Quotation Agent, of the Reference Treasury Dealer Quotations
for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (ii) if the Quotation
Agent obtains fewer than three such Reference Treasury Dealer Quotations, the average of all such Quotations.


 


“Quotation Agent” means the Reference
Treasury Dealer appointed by the Issuer.


 


“Reference Treasury Dealer” means (i)
each of BofA Securities, Inc., HSBC Securities (USA) Inc. and Mizuho Securities USA LLC, and their respective successors or affiliates;
provided, however, that if the foregoing shall cease to be a primary U.S. Government securities dealer in New York City
(a “Primary Treasury Dealer”), the Issuer shall substitute therefor another Primary Treasury Dealer; and (ii) any other
Primary Treasury Dealer selected by the Issuer.


 


“Reference Treasury Dealer Quotations”
means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Quotation Agent,
of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the Trustee by such Reference Treasury Dealer at 3:30 p.m., New York City time, on the third Business Day
preceding such redemption date.


 


“Treasury Rate” means, with respect to
any redemption date, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue,
assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable
Treasury Price for such redemption date.


 


The Indenture contains provisions to the
effect that, in the event of various tax law changes and other limited circumstances that require the Issuer to pay Additional
Amounts (as defined below), the Issuer may redeem all, but not less than all, of the Securities of a series at a price equal to
100% of the principal amount of the Securities plus accrued interest thereon to but excluding the date of redemption, which provisions
apply to this Security.


 


In the event of redemption of this Security
in part only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof will be issued in
the name of the Holder hereof upon the cancellation hereof.


 




     


     


    

The Indenture contains provisions for defeasance
at any time of the entire indebtedness on this Security upon compliance by the Issuer with certain conditions set forth thereon,
which provisions apply to this Security.


 


If an Event of Default with respect to Securities
of this series shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in
the manner and with the effect provided in the Indenture.


 


The Issuer may, at its option, at any time
and without the consent of the Holders, reopen the Securities of this series and issue additional Securities in one or more transactions
with terms (other than the issuance date and, possibly, first Interest Payment Date, original interest accrual date and issue price)
identical to the Securities of this series. These additional Securities will be deemed to have been part of the Securities of this
series and will provide the Holders of these additional Securities the right to vote together with Holders of the Securities of
this series; provided, however, that if these additional Securities are not fungible with the Securities of this series for U.S.
federal income tax purposes, these additional Securities will have a different CUSIP or other identifying number.


 


Any amounts to be paid by the Issuer under
this Security of principal, premium and interest in respect of this Security will be paid without deduction or withholding for
any and all present and future taxes, levies, duties, assessments, imposts or other governmental charges of whatever nature imposed,
assessed, levied or collected by or for the account of the government of any jurisdiction in which the Issuer is resident for tax
purposes (presently, the United Kingdom) or any political subdivision or taxing authority of such jurisdiction, unless such withholding
or deduction is required by law. If such deduction or withholding is at any time required, the Issuer will pay such additional
amounts (“Additional Amounts”) as will result in the receipt of such amounts as would have been received by
the Holder had no such withholding or deduction been required, provided that the Issuer will not have to pay Additional Amounts
if:


 


(i)       the
tax, levy, impost or other governmental charge would not have been imposed, assessed, levied or collected but for the Holder’s
(or beneficial owner’s) connection to the jurisdiction in which the Issuer is resident for tax purposes, other than by merely
holding this Security or by receiving principal, premium, if any, or interest, if any, on this Security, or enforcing this Security.
These connections include where the Holder or beneficial owner:


 


		·	is or has been a domiciliary, national or resident of such jurisdiction;



 


		·	is or has been engaged in a trade or business in such jurisdiction;



 


		·	has or had a permanent establishment in such jurisdiction; or



 


		·	is or has been physically present in such jurisdiction;



 




     


     


    

			



 


(ii)       the
tax, levy, impost or other governmental charge would not have been imposed, assessed, levied or collected but for presentation
of this Security for payment, if presentation is required, more than 30 days after this Security became due or payment was provided
for;


 


(iii)       
the tax, levy, impost or other governmental charge is an estate, inheritance, gift, sale, transfer, personal property or similar
tax, levy, impost or other governmental charge;


 


(iv)       
the tax, levy, impost or other governmental charge is payable in a manner that does not involve deduction or withholding from payments
on or in respect of this Security;


 


(v)       the
tax, levy, impost or other governmental charge would not have been imposed or withheld but for the failure of the Holder or beneficial
owner, upon a reasonable request, addressed to the Holder, to comply with any certification, identification or other reporting
requirement concerning the Holder’s or the beneficial owner’s nationality, residence, identity or connection with any
jurisdiction in which the Issuer is resident for tax purposes, if compliance is required by any treaty, statute, regulation or
administrative practice of such jurisdiction as a condition to relief or exemption from such tax, levy, impost or other governmental
charge;


 


(vi)       
the tax, levy, impost or other governmental charge is required by Sections 1471 through 1474 of the Internal Revenue Code of 1986,
as amended (“FATCA”), any current or future U.S. Treasury Regulations or rulings promulgated thereunder, any
intergovernmental agreement between the United States and any other jurisdiction to implement FATCA (an “IGA”),
any law, regulation or other official guidance enacted in any jurisdiction implementing FATCA or an IGA, or any agreement with
the U.S. Internal Revenue Service under or with respect to FATCA; or


 


(vii) any combination of the taxes referred
to in (i) through (vi) above.


 


In addition, no payments of Additional
Amounts will be made with respect to any payment on this Security if the Holder of this Security is a fiduciary, partnership or
a person other than the sole beneficial owner of any payment, and, by the laws of the jurisdiction in which the Issuer is resident
for tax purposes, that payment would be required for tax purposes to be included in income of a beneficiary or settlor with respect
to the fiduciary, a member of that partnership or a beneficial owner who would not have been entitled to the Additional Amounts
had that beneficiary, settlor, member or beneficial owner been the Holder of this Security.


 


The Issuer will remit the full amount of
any taxes withheld to the applicable taxing authorities in accordance with the applicable law. The Issuer will also provide the
Trustee with documentation reasonably satisfactory to the Trustee


 




     


     


    

evidencing
the payment of any taxes in respect of which the Issuer has paid Additional Amounts. The Issuer will provide copies of such documentation
to the Holder of this Security upon request.


 


Any reference in the Indenture or this
Security to principal, premium or interest in respect of this Security will be deemed also to refer to any Additional Amounts that
may be payable with respect to such principal, premium or interest under the obligations referred to herein.


 


The Indenture permits, with certain exceptions
as therein provided, the amendment thereof and the modification of the rights and obligations of the Issuer and the rights of the
Holders of the Securities of each series to be affected under the Indenture at any time by the Issuer and the Trustee with the
consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be affected.
The Indenture also contains provisions permitting the Holders of specified percentages in principle amount of the Securities of
each series at the time Outstanding, on behalf of the Holders of all Securities of such series to waive compliance by the Issuer
with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent
or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security
and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation
of such consent or waiver is made upon this Security.


 


As set forth in, and subject to, the provisions
of the Indenture, no Holder of any Security of this series will have any right to institute any proceeding with respect to the
Indenture, this Security or for any remedy thereunder, unless such Holder shall have previously given to the Trustee written notice
of a continuing Event of Default with respect to the Securities of this series, the Holders of not less than 25% in principal amount
of the Outstanding Securities of this series shall have made written request, and offered reasonable indemnity, to the Trustee
to institute such proceeding as trustee, and the Trustee shall not have received from the Holders of a majority in principal of
the Outstanding Securities of this series a direction inconsistent with such request and shall have failed to institute such proceeding
within 60 days; provided, however, that such limitations do not apply to a suit instituted by the Holder hereof for
the enforcement of payment of the principal (and premium, if any) or any interest on this Security on or after the respective due
dates expressed herein.


 


No reference herein to the Indenture and
no provision of this Security or of the Indenture shall alter or impair the obligation of the Issuer, which is absolute and unconditional,
to pay the principal of and any premium and interest on this Security at the times, place and rate, and in the coin or currency,
herein prescribed or to convert this Security as provided in the Indenture.


 




     


     


    

The Securities of this series are issuable
only in registered form without coupons in denominations of U.S.$2,000 and integral multiples of U.S.$1,000 in excess thereof.


 


No service charge shall be made for any
registration of transfer or exchange, but the Issuer or the Trustee may require payment of a sum sufficient to cover any tax or
other governmental charge payable in connection therewith.


 


Prior to due presentation of this Security
for registration of transfer, the Issuer, the Trustee and any agent of the Issuer or the Trustee may treat the Person in whose
name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither of
the Issuer nor the Trustee nor any such agent shall be affected by notice to the contrary.


 


This Security shall be governed by and
construed in accordance with the laws of the State of New York.


 


Unless otherwise defined herein, all terms
used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture.


 




     


     


    

SCHEDULE OF PRINCIPAL AMOUNT


 


The initial principal amount of this Security
shall be U.S.$500,000,000. The following decreases/increases in the principal amount of this Security have been made:


 


	
        Date
        of Decrease/Increase

         
	
        Decrease
        in Principal Amount

         
	
        Increase
        in Principal Amount

         
	
        Total
        Principal Amount Following such Decrease/Increase

         
	
        Notation
Made by or on Behalf of Trustee 

         

	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 






     


     


    

THIS SECURITY IS A GLOBAL REGISTERED SECURITY WITHIN THE
MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY
MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE
REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED
IN THE INDENTURE.


 


ASTRAZENECA PLC


 


0.700% Notes due 2026


 


No. 002


U.S.$500,000,000


 


CUSIP No. 046353AV0


ISIN No. US046353AV09


 


ASTRAZENECA PLC, a public limited company
incorporated under the laws of England and Wales (herein called the “Issuer”, which term includes any successor
Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered
assigns, the principal sum of Five Hundred Million United States Dollars on August 6, 2026 and to pay interest thereon from August
6, 2020 or from the most recent Interest Payment Date (as defined below) to which interest has been paid or duly provided for,
semiannually in arrears on April 8 and October 8 in each year, commencing April 8, 2021 (each, an “Interest Payment Date”),
at the rate of 0.700% per annum, until the principal hereof is paid or made available for payment. The interest so payable, and
punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in
whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date
(as defined below) for such interest which shall be the 15th calendar day preceding such Interest Payment Date (whether
or not such day is a Business Day (as defined below)), as the case may be. Any such interest not so punctually paid or duly provided
for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose
name this Security (or one or more Predecessor Securities) is registered at the close of business on a subsequent record date (the
“Special Record Date”) for the payment of such defaulted interest to be fixed by the Trustee (which shall not
be less than five Business Days prior to the date of payment of such defaulted interest), notice whereof shall be given to Holders
of Securities of this series not less than 15 days prior to such Special Record Date, or be paid at any time in any


 




     


     


    

other
lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be
listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture.


 


Payment of the principal of (and premium,
if any) and any such interest on this Security will be made at the office or agency of the Issuer maintained for that purpose in
New York City, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of
public and private debts; provided, however, that at the option of the Issuer payment of interest may be made by
check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register.


 


Reference is hereby made to the further
provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect
as if set forth at this place.


 


Unless the certificate of authentication
hereon has been executed by the Trustee by manual signature of an authorized signatory, this Security shall not be entitled to
any benefit under the Indenture or be valid or obligatory for any purpose.


 




     


     


    




IN WITNESS WHEREOF, the Issuer has caused
this instrument to be duly executed.


 


Dated: August 6, 2020


 
















	 	ASTRAZENECA PLC
	 	 
	 	 
	 	By: 	/s/ Jonathan Slade
	 	 	Name:	Jonathan Slade

	 	 	Title:	Group Treasurer



 


	 	 
	 	By: 	/s/ Matthew Bowden
	 	 	Name:	Matthew Bowden

	 	 	Title:	Deputy Company Secretary





 











	 






 


 


[Signature
page to Global Note]


 



     


     


    




 


This is one of the Securities of the series
designated herein and referred to in the within-mentioned Indenture.


 


Dated: August 6, 2020


 


 


 


	 	THE BANK OF NEW YORK MELLON
	 	As Trustee
	 	 
	 	 
	 	By: 	/s/ Leslie Morales
	 	 		





 


 


 



 


 



     


     


    




 





 


This Security is one of a duly authorized
issue of securities of the Issuer (herein called the “Securities”), issued and to be issued in one or more series
under an Indenture, dated as of April 1, 2004 (herein called the “Indenture” which term shall have the meaning
assigned to it in such instrument), among the Issuer and The Bank of New York Mellon (formerly known as The Bank of New York),
as successor Trustee (herein called the “Trustee”, which term includes any other successor trustee under the
Indenture) to JPMorgan Chase Bank, and reference is hereby made to the Indenture and to the Officers’ Certificate delivered
pursuant to Section 2.08 of the Indenture with respect to this security for a statement of the respective rights, limitations of
rights, duties and immunities thereunder of the Issuer, the Trustee and the Holders of the Securities and of the terms upon which
the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof,
initially limited in aggregate principal amount to U.S.$1,200,000,000.


 


The Securities of this series are subject
to redemption, as a whole or in part, from time to time, at the election of the Issuer, upon not less than 15 nor more than 60
days’ notice, as follows: (i) prior to March 8, 2026 (the “Par Call Date”), at a Redemption Price equal
to the greater of (A) 100% of the principal amount of the Securities to be redeemed, and (B) as determined by the Quotation Agent
(as defined below), the sum of the present values of the remaining scheduled payments of principal and interest thereon (assuming
for this purpose that such series of Notes matured on the Par Call Date and not including any portion of such payments of interest
accrued as of the date of redemption) discounted to the date of redemption on a semiannual basis (assuming a 360-day year consisting
of twelve 30-day months) at the Treasury Rate plus 10 basis points, and (ii) on or after the Par Call Date, at a redemption price
equal to 100% of the principal amount of the Securities to be redeemed; plus, in each of cases (A) and (B) above, accrued interest
thereon to but excluding the date of redemption.


 


“Business Day” means any day which is
not, in London, England or New York, New York, or the place of payment of amounts payable in respect of the Securities, a Saturday,
a Sunday, a legal holiday or a day on which banking institutions are authorized or obligated by law, regulation or executive order
to close.


 


“Comparable Treasury Issue” means the
United States Treasury security selected by the Quotation Agent as having an actual or interpolated maturity comparable to the
remaining term of the Securities to be redeemed that would be utilized, at the time of selection and in accordance with customary
financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Securities
(assuming for this purpose that such Securities matured on the Par Call Date).


 




     


     


    

“Comparable Treasury Price” means, with
respect to any redemption date, (i) the average, as determined by the Quotation Agent, of the Reference Treasury Dealer Quotations
for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (ii) if the Quotation
Agent obtains fewer than three such Reference Treasury Dealer Quotations, the average of all such Quotations.


 


“Quotation Agent” means the Reference
Treasury Dealer appointed by the Issuer.


 


“Reference Treasury Dealer” means (i)
each of BofA Securities, Inc., HSBC Securities (USA) Inc. and Mizuho Securities USA LLC, and their respective successors or affiliates;
provided, however, that if the foregoing shall cease to be a primary U.S. Government securities dealer in New York City
(a “Primary Treasury Dealer”), the Issuer shall substitute therefor another Primary Treasury Dealer; and (ii) any other
Primary Treasury Dealer selected by the Issuer.


 


“Reference Treasury Dealer Quotations”
means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Quotation Agent,
of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the Trustee by such Reference Treasury Dealer at 3:30 p.m., New York City time, on the third Business Day
preceding such redemption date.


 


“Treasury Rate” means, with respect to
any redemption date, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue,
assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable
Treasury Price for such redemption date.


 


The Indenture contains provisions to the
effect that, in the event of various tax law changes and other limited circumstances that require the Issuer to pay Additional
Amounts (as defined below), the Issuer may redeem all, but not less than all, of the Securities of a series at a price equal to
100% of the principal amount of the Securities plus accrued interest thereon to but excluding the date of redemption, which provisions
apply to this Security.


 


In the event of redemption of this Security
in part only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof will be issued in
the name of the Holder hereof upon the cancellation hereof.


 




     


     


    

The Indenture contains provisions for defeasance
at any time of the entire indebtedness on this Security upon compliance by the Issuer with certain conditions set forth thereon,
which provisions apply to this Security.


 


If an Event of Default with respect to Securities
of this series shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in
the manner and with the effect provided in the Indenture.


 


The Issuer may, at its option, at any time
and without the consent of the Holders, reopen the Securities of this series and issue additional Securities in one or more transactions
with terms (other than the issuance date and, possibly, first Interest Payment Date, original interest accrual date and issue price)
identical to the Securities of this series. These additional Securities will be deemed to have been part of the Securities of this
series and will provide the Holders of these additional Securities the right to vote together with Holders of the Securities of
this series; provided, however, that if these additional Securities are not fungible with the Securities of this series for U.S.
federal income tax purposes, these additional Securities will have a different CUSIP or other identifying number.


 


Any amounts to be paid by the Issuer under
this Security of principal, premium and interest in respect of this Security will be paid without deduction or withholding for
any and all present and future taxes, levies, duties, assessments, imposts or other governmental charges of whatever nature imposed,
assessed, levied or collected by or for the account of the government of any jurisdiction in which the Issuer is resident for tax
purposes (presently, the United Kingdom) or any political subdivision or taxing authority of such jurisdiction, unless such withholding
or deduction is required by law. If such deduction or withholding is at any time required, the Issuer will pay such additional
amounts (“Additional Amounts”) as will result in the receipt of such amounts as would have been received by
the Holder had no such withholding or deduction been required, provided that the Issuer will not have to pay Additional Amounts
if:


 


(i)       the
tax, levy, impost or other governmental charge would not have been imposed, assessed, levied or collected but for the Holder’s
(or beneficial owner’s) connection to the jurisdiction in which the Issuer is resident for tax purposes, other than by merely
holding this Security or by receiving principal, premium, if any, or interest, if any, on this Security, or enforcing this Security.
These connections include where the Holder or beneficial owner:


 


		·	is or has been a domiciliary, national or resident of such jurisdiction;



 


		·	is or has been engaged in a trade or business in such jurisdiction;



 


		·	has or had a permanent establishment in such jurisdiction; or



 


		·	is or has been physically present in such jurisdiction;



 




     


     


    

			



 


(ii)       the
tax, levy, impost or other governmental charge would not have been imposed, assessed, levied or collected but for presentation
of this Security for payment, if presentation is required, more than 30 days after this Security became due or payment was provided
for;


 


(iii)       
the tax, levy, impost or other governmental charge is an estate, inheritance, gift, sale, transfer, personal property or similar
tax, levy, impost or other governmental charge;


 


(iv)       
the tax, levy, impost or other governmental charge is payable in a manner that does not involve deduction or withholding from payments
on or in respect of this Security;


 


(v)       the
tax, levy, impost or other governmental charge would not have been imposed or withheld but for the failure of the Holder or beneficial
owner, upon a reasonable request, addressed to the Holder, to comply with any certification, identification or other reporting
requirement concerning the Holder’s or the beneficial owner’s nationality, residence, identity or connection with any
jurisdiction in which the Issuer is resident for tax purposes, if compliance is required by any treaty, statute, regulation or
administrative practice of such jurisdiction as a condition to relief or exemption from such tax, levy, impost or other governmental
charge;


 


(vi)       
the tax, levy, impost or other governmental charge is required by Sections 1471 through 1474 of the Internal Revenue Code of 1986,
as amended (“FATCA”), any current or future U.S. Treasury Regulations or rulings promulgated thereunder, any
intergovernmental agreement between the United States and any other jurisdiction to implement FATCA (an “IGA”),
any law, regulation or other official guidance enacted in any jurisdiction implementing FATCA or an IGA, or any agreement with
the U.S. Internal Revenue Service under or with respect to FATCA; or


 


(vii) any combination of the taxes referred
to in (i) through (vi) above.


 


In addition, no payments of Additional
Amounts will be made with respect to any payment on this Security if the Holder of this Security is a fiduciary, partnership or
a person other than the sole beneficial owner of any payment, and, by the laws of the jurisdiction in which the Issuer is resident
for tax purposes, that payment would be required for tax purposes to be included in income of a beneficiary or settlor with respect
to the fiduciary, a member of that partnership or a beneficial owner who would not have been entitled to the Additional Amounts
had that beneficiary, settlor, member or beneficial owner been the Holder of this Security.


 


The Issuer will remit the full amount of
any taxes withheld to the applicable taxing authorities in accordance with the applicable law. The Issuer will also provide the
Trustee with documentation reasonably satisfactory to the Trustee


 




     


     


    

evidencing
the payment of any taxes in respect of which the Issuer has paid Additional Amounts. The Issuer will provide copies of such documentation
to the Holder of this Security upon request.


 


Any reference in the Indenture or this
Security to principal, premium or interest in respect of this Security will be deemed also to refer to any Additional Amounts that
may be payable with respect to such principal, premium or interest under the obligations referred to herein.


 


The Indenture permits, with certain exceptions
as therein provided, the amendment thereof and the modification of the rights and obligations of the Issuer and the rights of the
Holders of the Securities of each series to be affected under the Indenture at any time by the Issuer and the Trustee with the
consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be affected.
The Indenture also contains provisions permitting the Holders of specified percentages in principle amount of the Securities of
each series at the time Outstanding, on behalf of the Holders of all Securities of such series to waive compliance by the Issuer
with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent
or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security
and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation
of such consent or waiver is made upon this Security.


 


As set forth in, and subject to, the provisions
of the Indenture, no Holder of any Security of this series will have any right to institute any proceeding with respect to the
Indenture, this Security or for any remedy thereunder, unless such Holder shall have previously given to the Trustee written notice
of a continuing Event of Default with respect to the Securities of this series, the Holders of not less than 25% in principal amount
of the Outstanding Securities of this series shall have made written request, and offered reasonable indemnity, to the Trustee
to institute such proceeding as trustee, and the Trustee shall not have received from the Holders of a majority in principal of
the Outstanding Securities of this series a direction inconsistent with such request and shall have failed to institute such proceeding
within 60 days; provided, however, that such limitations do not apply to a suit instituted by the Holder hereof for
the enforcement of payment of the principal (and premium, if any) or any interest on this Security on or after the respective due
dates expressed herein.


 


No reference herein to the Indenture and
no provision of this Security or of the Indenture shall alter or impair the obligation of the Issuer, which is absolute and unconditional,
to pay the principal of and any premium and interest on this Security at the times, place and rate, and in the coin or currency,
herein prescribed or to convert this Security as provided in the Indenture.


 




     


     


    

The Securities of this series are issuable
only in registered form without coupons in denominations of U.S.$2,000 and integral multiples of U.S.$1,000 in excess thereof.


 


No service charge shall be made for any
registration of transfer or exchange, but the Issuer or the Trustee may require payment of a sum sufficient to cover any tax or
other governmental charge payable in connection therewith.


 


Prior to due presentation of this Security
for registration of transfer, the Issuer, the Trustee and any agent of the Issuer or the Trustee may treat the Person in whose
name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither of
the Issuer nor the Trustee nor any such agent shall be affected by notice to the contrary.


 


This Security shall be governed by and
construed in accordance with the laws of the State of New York.


 


Unless otherwise defined herein, all terms
used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture.


 




     


     


    

SCHEDULE OF PRINCIPAL AMOUNT


 


The initial principal amount of this Security
shall be U.S.$500,000,000. The following decreases/increases in the principal amount of this Security have been made:


 


	
        Date
        of Decrease/Increase

         
	
        Decrease
        in Principal Amount

         
	
        Increase
        in Principal Amount

         
	
        Total
        Principal Amount Following such Decrease/Increase

         
	
        Notation
        Made by or on Behalf of Trustee

         

	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 






     


     


    

THIS SECURITY IS A GLOBAL REGISTERED SECURITY WITHIN THE
MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY
MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE
REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED
IN THE INDENTURE.


 


ASTRAZENECA PLC


 


0.700% Notes due 2026


 


No. 003


U.S.$200,000,000


 


CUSIP No. 046353AV0


ISIN No. US046353AV09


 


ASTRAZENECA PLC, a public limited company
incorporated under the laws of England and Wales (herein called the “Issuer”, which term includes any successor
Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered
assigns, the principal sum of Two Hundred Million United States Dollars on August 6, 2026 and to pay interest thereon from August
6, 2020 or from the most recent Interest Payment Date (as defined below) to which interest has been paid or duly provided for,
semiannually in arrears on April 8 and October 8 in each year, commencing April 8, 2021 (each, an “Interest Payment Date”),
at the rate of 0.700% per annum, until the principal hereof is paid or made available for payment. The interest so payable, and
punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in
whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date
(as defined below) for such interest which shall be the 15th calendar day preceding such Interest Payment Date (whether
or not such day is a Business Day (as defined below)), as the case may be. Any such interest not so punctually paid or duly provided
for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose
name this Security (or one or more Predecessor Securities) is registered at the close of business on a subsequent record date (the
“Special Record Date”) for the payment of such defaulted interest to be fixed by the Trustee (which shall not
be less than five Business Days prior to the date of payment of such defaulted interest), notice whereof shall be given to Holders
of Securities of this series not less than 15 days prior to such Special Record Date, or be paid at any time in any


 




     


     


    

other
lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be
listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture.


 


Payment of the principal of (and premium,
if any) and any such interest on this Security will be made at the office or agency of the Issuer maintained for that purpose in
New York City, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of
public and private debts; provided, however, that at the option of the Issuer payment of interest may be made by
check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register.


 


Reference is hereby made to the further
provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect
as if set forth at this place.


 


Unless the certificate of authentication
hereon has been executed by the Trustee by manual signature of an authorized signatory, this Security shall not be entitled to
any benefit under the Indenture or be valid or obligatory for any purpose.


 




     


     


    

 





IN WITNESS WHEREOF, the Issuer has caused
this instrument to be duly executed.


 


Dated: August 6, 2020


 


 



















	 	ASTRAZENECA PLC
	 	 
	 	 
	 	By: 	/s/ Jonathan Slade
	 	 	Name:	Jonathan Slade

	 	 	Title:	Group Treasurer



 


	 	 
	 	By: 	/s/ Matthew Bowden
	 	 	Name:	Matthew Bowden

	 	 	Title:	Deputy Company Secretary





 











	 






 


 


[Signature
page to Global Note]


 



     


     


    




 


This is one of the Securities of the series
designated herein and referred to in the within-mentioned Indenture.


 


Dated: August 6, 2020


 


 


 


	 	THE BANK OF NEW YORK MELLON
	 	As Trustee
	 	 
	 	 
	 	By: 	/s/ Leslie Morales
	 	 		





 


 


 


 



     


     


    







 


This Security is one of a duly authorized
issue of securities of the Issuer (herein called the “Securities”), issued and to be issued in one or more series
under an Indenture, dated as of April 1, 2004 (herein called the “Indenture” which term shall have the meaning
assigned to it in such instrument), among the Issuer and The Bank of New York Mellon (formerly known as The Bank of New York),
as successor Trustee (herein called the “Trustee”, which term includes any other successor trustee under the
Indenture) to JPMorgan Chase Bank, and reference is hereby made to the Indenture and to the Officers’ Certificate delivered
pursuant to Section 2.08 of the Indenture with respect to this security for a statement of the respective rights, limitations of
rights, duties and immunities thereunder of the Issuer, the Trustee and the Holders of the Securities and of the terms upon which
the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof,
initially limited in aggregate principal amount to U.S.$1,200,000,000.


 


The Securities of this series are subject
to redemption, as a whole or in part, from time to time, at the election of the Issuer, upon not less than 15 nor more than 60
days’ notice, as follows: (i) prior to March 8, 2026 (the “Par Call Date”), at a Redemption Price equal
to the greater of (A) 100% of the principal amount of the Securities to be redeemed, and (B) as determined by the Quotation Agent
(as defined below), the sum of the present values of the remaining scheduled payments of principal and interest thereon (assuming
for this purpose that such series of Notes matured on the Par Call Date and not including any portion of such payments of interest
accrued as of the date of redemption) discounted to the date of redemption on a semiannual basis (assuming a 360-day year consisting
of twelve 30-day months) at the Treasury Rate plus 10 basis points, and (ii) on or after the Par Call Date, at a redemption price
equal to 100% of the principal amount of the Securities to be redeemed; plus, in each of cases (A) and (B) above, accrued interest
thereon to but excluding the date of redemption.


 


“Business Day” means any day which is
not, in London, England or New York, New York, or the place of payment of amounts payable in respect of the Securities, a Saturday,
a Sunday, a legal holiday or a day on which banking institutions are authorized or obligated by law, regulation or executive order
to close.


 


“Comparable Treasury Issue” means the
United States Treasury security selected by the Quotation Agent as having an actual or interpolated maturity comparable to the
remaining term of the Securities to be redeemed that would be utilized, at the time of selection and in accordance with customary
financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Securities
(assuming for this purpose that such Securities matured on the Par Call Date).


 


“Comparable Treasury Price” means, with
respect to any redemption date, (i) the average, as determined by the Quotation Agent, of the Reference Treasury Dealer Quotations
for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (ii) if the Quotation
Agent obtains fewer than three such Reference Treasury Dealer Quotations, the average of all such Quotations.


 




     


     


    

“Quotation Agent” means the Reference
Treasury Dealer appointed by the Issuer.


 


“Reference Treasury Dealer” means (i)
each of BofA Securities, Inc., HSBC Securities (USA) Inc. and Mizuho Securities USA LLC, and their respective successors or affiliates;
provided, however, that if the foregoing shall cease to be a primary U.S. Government securities dealer in New York City
(a “Primary Treasury Dealer”), the Issuer shall substitute therefor another Primary Treasury Dealer; and (ii) any other
Primary Treasury Dealer selected by the Issuer.


 


“Reference Treasury Dealer Quotations”
means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Quotation Agent,
of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the Trustee by such Reference Treasury Dealer at 3:30 p.m., New York City time, on the third Business Day
preceding such redemption date.


 


“Treasury Rate” means, with respect to
any redemption date, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue,
assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable
Treasury Price for such redemption date.


 


The Indenture contains provisions to the
effect that, in the event of various tax law changes and other limited circumstances that require the Issuer to pay Additional
Amounts (as defined below), the Issuer may redeem all, but not less than all, of the Securities of a series at a price equal to
100% of the principal amount of the Securities plus accrued interest thereon to but excluding the date of redemption, which provisions
apply to this Security.


 


In the event of redemption of this Security
in part only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof will be issued in
the name of the Holder hereof upon the cancellation hereof.


 


The Indenture contains provisions for defeasance
at any time of the entire indebtedness on this Security upon compliance by the Issuer with certain conditions set forth thereon,
which provisions apply to this Security.


 


If an Event of Default with respect to Securities
of this series shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in
the manner and with the effect provided in the Indenture.


 


The Issuer may, at its option, at any time
and without the consent of the Holders, reopen the Securities of this series and issue additional Securities in one or more transactions
with terms (other than the issuance date and, possibly, first Interest Payment Date, original interest accrual date and issue price)
identical to the Securities of this series. These additional Securities will be deemed to have been part of the Securities of this
series and will provide the Holders of these additional Securities the right to vote together with Holders of the Securities of
this series;


 




     


     


    

provided,
however, that if these additional Securities are not fungible with the Securities of this series for U.S. federal income tax purposes,
these additional Securities will have a different CUSIP or other identifying number.


 


Any amounts to be paid by the Issuer under
this Security of principal, premium and interest in respect of this Security will be paid without deduction or withholding for
any and all present and future taxes, levies, duties, assessments, imposts or other governmental charges of whatever nature imposed,
assessed, levied or collected by or for the account of the government of any jurisdiction in which the Issuer is resident for tax
purposes (presently, the United Kingdom) or any political subdivision or taxing authority of such jurisdiction, unless such withholding
or deduction is required by law. If such deduction or withholding is at any time required, the Issuer will pay such additional
amounts (“Additional Amounts”) as will result in the receipt of such amounts as would have been received by
the Holder had no such withholding or deduction been required, provided that the Issuer will not have to pay Additional Amounts
if:


 


(i)       the
tax, levy, impost or other governmental charge would not have been imposed, assessed, levied or collected but for the Holder’s
(or beneficial owner’s) connection to the jurisdiction in which the Issuer is resident for tax purposes, other than by merely
holding this Security or by receiving principal, premium, if any, or interest, if any, on this Security, or enforcing this Security.
These connections include where the Holder or beneficial owner:


 


		·	is or has been a domiciliary, national or resident of such jurisdiction;



 


		·	is or has been engaged in a trade or business in such jurisdiction;



 


		·	has or had a permanent establishment in such jurisdiction; or



 


		·	is or has been physically present in such jurisdiction;



 


(ii)       the
tax, levy, impost or other governmental charge would not have been imposed, assessed, levied or collected but for presentation
of this Security for payment, if presentation is required, more than 30 days after this Security became due or payment was provided
for;


 


(iii)       
the tax, levy, impost or other governmental charge is an estate, inheritance, gift, sale, transfer, personal property or similar
tax, levy, impost or other governmental charge;


 


(iv)       
the tax, levy, impost or other governmental charge is payable in a manner that does not involve deduction or withholding from payments
on or in respect of this Security;


 


(v)       the
tax, levy, impost or other governmental charge would not have been imposed or withheld but for the failure of the Holder or beneficial
owner, upon a reasonable request, addressed to the Holder, to comply with any certification, identification or other reporting
requirement concerning the Holder’s or the beneficial owner’s nationality, residence, identity or connection with any
jurisdiction in which the Issuer is resident for tax purposes, if compliance is required by any treaty, statute, regulation or
administrative practice of such jurisdiction as a condition to relief or exemption from such tax, levy, impost or other governmental
charge;


 


(vi)       
the tax, levy, impost or other governmental charge is required by Sections 1471 through 1474 of the Internal Revenue Code of 1986,
as amended (“FATCA”), any current or future U.S.


 




     


     


    

Treasury
Regulations or rulings promulgated thereunder, any intergovernmental agreement between the United States and any other jurisdiction
to implement FATCA (an “IGA”), any law, regulation or other official guidance enacted in any jurisdiction implementing
FATCA or an IGA, or any agreement with the U.S. Internal Revenue Service under or with respect to FATCA; or


 


(vii) any combination of the taxes referred
to in (i) through (vi) above.


 


In addition, no payments of Additional
Amounts will be made with respect to any payment on this Security if the Holder of this Security is a fiduciary, partnership or
a person other than the sole beneficial owner of any payment, and, by the laws of the jurisdiction in which the Issuer is resident
for tax purposes, that payment would be required for tax purposes to be included in income of a beneficiary or settlor with respect
to the fiduciary, a member of that partnership or a beneficial owner who would not have been entitled to the Additional Amounts
had that beneficiary, settlor, member or beneficial owner been the Holder of this Security.


 


The Issuer will remit the full amount of
any taxes withheld to the applicable taxing authorities in accordance with the applicable law. The Issuer will also provide the
Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of any taxes in respect of which the Issuer
has paid Additional Amounts. The Issuer will provide copies of such documentation to the Holder of this Security upon request.


 


Any reference in the Indenture or this
Security to principal, premium or interest in respect of this Security will be deemed also to refer to any Additional Amounts that
may be payable with respect to such principal, premium or interest under the obligations referred to herein.


 


The Indenture permits, with certain exceptions
as therein provided, the amendment thereof and the modification of the rights and obligations of the Issuer and the rights of the
Holders of the Securities of each series to be affected under the Indenture at any time by the Issuer and the Trustee with the
consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be affected.
The Indenture also contains provisions permitting the Holders of specified percentages in principle amount of the Securities of
each series at the time Outstanding, on behalf of the Holders of all Securities of such series to waive compliance by the Issuer
with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent
or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security
and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation
of such consent or waiver is made upon this Security.


 


As set forth in, and subject to, the provisions
of the Indenture, no Holder of any Security of this series will have any right to institute any proceeding with respect to the
Indenture, this Security or for any remedy thereunder, unless such Holder shall have previously given to the Trustee written notice
of a continuing Event of Default with respect to the Securities of this series, the Holders of not less than 25% in principal amount
of the Outstanding Securities of this series shall have made written request, and offered reasonable indemnity, to the Trustee
to institute such proceeding as trustee, and the Trustee shall not have received from the Holders of a majority in principal of
the Outstanding Securities of this series a direction inconsistent with such request and shall have failed to institute such proceeding
within 60 days; provided,


 




     


     


    

however, that such limitations do not apply to a suit
instituted by the Holder hereof for the enforcement of payment of the principal (and premium, if any) or any interest on this Security
on or after the respective due dates expressed herein.


 


No reference herein to the Indenture and
no provision of this Security or of the Indenture shall alter or impair the obligation of the Issuer, which is absolute and unconditional,
to pay the principal of and any premium and interest on this Security at the times, place and rate, and in the coin or currency,
herein prescribed or to convert this Security as provided in the Indenture.


 


The Securities of this series are issuable
only in registered form without coupons in denominations of U.S.$2,000 and integral multiples of U.S.$1,000 in excess thereof.


 


No service charge shall be made for any
registration of transfer or exchange, but the Issuer or the Trustee may require payment of a sum sufficient to cover any tax or
other governmental charge payable in connection therewith.


 


Prior to due presentation of this Security
for registration of transfer, the Issuer, the Trustee and any agent of the Issuer or the Trustee may treat the Person in whose
name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither of
the Issuer nor the Trustee nor any such agent shall be affected by notice to the contrary.


 


This Security shall be governed by and
construed in accordance with the laws of the State of New York.


 


Unless otherwise defined herein, all terms
used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture.


 




     


     


    

SCHEDULE OF PRINCIPAL AMOUNT


 


The initial principal amount of this Security
shall be U.S.$200,000,000. The following decreases/increases in the principal amount of this Security have been made:


 


	
        Date
        of Decrease/Increase

         
	
        Decrease
        in Principal Amount

         
	
        Increase
        in Principal Amount

         
	
        Total
        Principal Amount Following such Decrease/Increase

         
	
        Notation
        Made by or on Behalf of Trustee

         

	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 






     


     


    

Exhibit B


 


 


 


 


 


 




     


     


    

THIS SECURITY IS A GLOBAL REGISTERED SECURITY WITHIN THE
MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY
MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE
REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED
IN THE INDENTURE.


 


ASTRAZENECA PLC


 


1.375% Notes due 2030


 


No. 001


U.S.$500,000,000


 


CUSIP No. 046353AW8


ISIN No. US046353AW81


 


ASTRAZENECA PLC, a public limited company
incorporated under the laws of England and Wales (herein called the “Issuer”, which term includes any successor
Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered
assigns, the principal sum of Five Hundred Million United States Dollars on August 6, 2030 and to pay interest thereon from August
6, 2020 or from the most recent Interest Payment Date (as defined below) to which interest has been paid or duly provided for,
semiannually in arrears on February 6 and August 6 in each year, commencing February 6, 2021 (each, an “Interest Payment
Date”), at the rate of 1.375% per annum, until the principal hereof is paid or made available for payment. The interest
so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid
to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the
Regular Record Date (as defined below) for such interest which shall be the 15th calendar day preceding such Interest
Payment Date (whether or not such day is a Business Day (as defined below)), as the case may be. Any such interest not so punctually
paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to
the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a subsequent
record date (the “Special Record Date”) for the payment of such defaulted interest to be fixed by the Trustee
(which shall not be less than five Business Days prior to the date of payment of such defaulted interest), notice whereof shall
be given to Holders of Securities of this series not less than 15 days prior to such Special Record Date, or


 




     


     


    

be paid at any time in any other lawful
manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed,
and upon such notice as may be required by such exchange, all as more fully provided in said Indenture.


 


Payment of the principal of (and premium,
if any) and any such interest on this Security will be made at the office or agency of the Issuer maintained for that purpose in
New York City, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of
public and private debts; provided, however, that at the option of the Issuer payment of interest may be made by
check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register.


 


Reference is hereby made to the further
provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect
as if set forth at this place.


 


Unless the certificate of authentication
hereon has been executed by the Trustee by manual signature of an authorized signatory, this Security shall not be entitled to
any benefit under the Indenture or be valid or obligatory for any purpose.


 




     


     


    

IN WITNESS WHEREOF, the Issuer has caused
this instrument to be duly executed.


 


Dated: August 6, 2020





 



















	 	ASTRAZENECA PLC
	 	 
	 	 
	 	By: 	/s/ Jonathan Slade
	 	 	Name:	Jonathan Slade

	 	 	Title:	Group Treasurer



 


	 	 
	 	By: 	/s/ Matthew Bowden
	 	 	Name:	Matthew Bowden

	 	 	Title:	Deputy Company Secretary





 











	 






 


 


[Signature
page to Global Note]


 



     


     


    




 


This is one of the Securities of the series
designated herein and referred to in the within-mentioned Indenture.


 


Dated: August 6, 2020


 


 


 


	 	THE BANK OF NEW YORK MELLON
	 	As Trustee
	 	 
	 	 
	 	By: 	/s/ Leslie Morales
	 	 		





 


 



     


     


    





 





This Security is one of a duly authorized
issue of securities of the Issuer (herein called the “Securities”), issued and to be issued in one or more series
under an Indenture, dated as of April 1, 2004 (herein called the “Indenture” which term shall have the meaning
assigned to it in such instrument), among the Issuer and The Bank of New York Mellon (formerly known as The Bank of New York),
as successor Trustee (herein called the “Trustee”, which term includes any other successor trustee under the
Indenture) to JPMorgan Chase Bank, and reference is hereby made to the Indenture and to the Officers’ Certificate delivered
pursuant to Section 2.08 of the Indenture with respect to this security for a statement of the respective rights, limitations of
rights, duties and immunities thereunder of the Issuer, the Trustee and the Holders of the Securities and of the terms upon which
the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof,
initially limited in aggregate principal amount to U.S.$1,300,000,000.


 


The Securities of this series are subject
to redemption, as a whole or in part, from time to time, at the election of the Issuer, upon not less than 15 nor more than 60
days’ notice, as follows: (i) prior to May 6, 2030 (the “Par Call Date”), at a Redemption Price equal
to the greater of (A) 100% of the principal amount of the Securities to be redeemed, and (B) as determined by the Quotation Agent
(as defined below), the sum of the present values of the remaining scheduled payments of principal and interest thereon (assuming
for this purpose that such series of Notes matured on the Par Call Date and not including any portion of such payments of interest
accrued as of the date of redemption) discounted to the date of redemption on a semiannual basis (assuming a 360-day year consisting
of twelve 30-day months) at the Treasury Rate plus 15 basis points, and (ii) on or after the Par Call Date, at a redemption price
equal to 100% of the principal amount of the Securities to be redeemed; plus, in each of cases (A) and (B) above, accrued interest
thereon to but excluding the date of redemption.


 


“Business Day” means any day which is
not, in London, England or New York, New York, or the place of payment of amounts payable in respect of the Securities, a Saturday,
a Sunday, a legal holiday or a day on which banking institutions are authorized or obligated by law, regulation or executive order
to close.


 


“Comparable Treasury Issue” means the
United States Treasury security selected by the Quotation Agent as having an actual or interpolated maturity comparable to the
remaining term of the Securities to be redeemed that would be utilized, at the time of selection and in accordance with customary
financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Securities
(assuming for this purpose that such Securities matured on the Par Call Date).


 




     


     


    

“Comparable Treasury Price” means, with
respect to any redemption date, (i) the average, as determined by the Quotation Agent, of the Reference Treasury Dealer Quotations
for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (ii) if the Quotation
Agent obtains fewer than three such Reference Treasury Dealer Quotations, the average of all such Quotations.


 


“Quotation Agent” means the Reference
Treasury Dealer appointed by the Issuer.


 


“Reference Treasury Dealer” means (i)
each of BofA Securities, Inc., HSBC Securities (USA) Inc. and Mizuho Securities USA LLC, and their respective successors or affiliates;
provided, however, that if the foregoing shall cease to be a primary U.S. Government securities dealer in New York City
(a “Primary Treasury Dealer”), the Issuer shall substitute therefor another Primary Treasury Dealer; and (ii) any other
Primary Treasury Dealer selected by the Issuer.


 


“Reference Treasury Dealer Quotations”
means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Quotation Agent,
of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the Trustee by such Reference Treasury Dealer at 3:30 p.m., New York City time, on the third Business Day
preceding such redemption date.


 


“Treasury Rate” means, with respect to
any redemption date, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue,
assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable
Treasury Price for such redemption date.


 


The Indenture contains provisions to the
effect that, in the event of various tax law changes and other limited circumstances that require the Issuer to pay Additional
Amounts (as defined below), the Issuer may redeem all, but not less than all, of the Securities of a series at a price equal to
100% of the principal amount of the Securities plus accrued interest thereon to but excluding the date of redemption, which provisions
apply to this Security.


 


In the event of redemption of this Security
in part only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof will be issued in
the name of the Holder hereof upon the cancellation hereof.


 




     


     


    

The Indenture contains provisions for defeasance
at any time of the entire indebtedness on this Security upon compliance by the Issuer with certain conditions set forth thereon,
which provisions apply to this Security.


 


If an Event of Default with respect to Securities
of this series shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in
the manner and with the effect provided in the Indenture.


 


The Issuer may, at its option, at any time
and without the consent of the Holders, reopen the Securities of this series and issue additional Securities in one or more transactions
with terms (other than the issuance date and, possibly, first Interest Payment Date, original interest accrual date and issue price)
identical to the Securities of this series. These additional Securities will be deemed to have been part of the Securities of this
series and will provide the Holders of these additional Securities the right to vote together with Holders of the Securities of
this series; provided, however, that if these additional Securities are not fungible with the Securities of this series for U.S.
federal income tax purposes, these additional Securities will have a different CUSIP or other identifying number.


 


Any amounts to be paid by the Issuer under
this Security of principal, premium and interest in respect of this Security will be paid without deduction or withholding for
any and all present and future taxes, levies, duties, assessments, imposts or other governmental charges of whatever nature imposed,
assessed, levied or collected by or for the account of the government of any jurisdiction in which the Issuer is resident for tax
purposes (presently, the United Kingdom) or any political subdivision or taxing authority of such jurisdiction, unless such withholding
or deduction is required by law. If such deduction or withholding is at any time required, the Issuer will pay such additional
amounts (“Additional Amounts”) as will result in the receipt of such amounts as would have been received by
the Holder had no such withholding or deduction been required, provided that the Issuer will not have to pay Additional Amounts
if:


 


(i)       the
tax, levy, impost or other governmental charge would not have been imposed, assessed, levied or collected but for the Holder’s
(or beneficial owner’s) connection to the jurisdiction in which the Issuer is resident for tax purposes, other than by merely
holding this Security or by receiving principal, premium, if any, or interest, if any, on this Security, or enforcing this Security.
These connections include where the Holder or beneficial owner:


 


		·	is or has been a domiciliary, national or resident of such jurisdiction;



 


		·	is or has been engaged in a trade or business in such jurisdiction;



 


		·	has or had a permanent establishment in such jurisdiction; or



 


		·	is or has been physically present in such jurisdiction;



 




     


     


    

			



 


(ii)       the
tax, levy, impost or other governmental charge would not have been imposed, assessed, levied or collected but for presentation
of this Security for payment, if presentation is required, more than 30 days after this Security became due or payment was provided
for;


 


(iii)       
the tax, levy, impost or other governmental charge is an estate, inheritance, gift, sale, transfer, personal property or similar
tax, levy, impost or other governmental charge;


 


(iv)       
the tax, levy, impost or other governmental charge is payable in a manner that does not involve deduction or withholding from payments
on or in respect of this Security;


 


(v)       the
tax, levy, impost or other governmental charge would not have been imposed or withheld but for the failure of the Holder or beneficial
owner, upon a reasonable request, addressed to the Holder, to comply with any certification, identification or other reporting
requirement concerning the Holder’s or the beneficial owner’s nationality, residence, identity or connection with any
jurisdiction in which the Issuer is resident for tax purposes, if compliance is required by any treaty, statute, regulation or
administrative practice of such jurisdiction as a condition to relief or exemption from such tax, levy, impost or other governmental
charge;


 


(vi)       
the tax, levy, impost or other governmental charge is required by Sections 1471 through 1474 of the Internal Revenue Code of 1986,
as amended (“FATCA”), any current or future U.S. Treasury Regulations or rulings promulgated thereunder, any
intergovernmental agreement between the United States and any other jurisdiction to implement FATCA (an “IGA”),
any law, regulation or other official guidance enacted in any jurisdiction implementing FATCA or an IGA, or any agreement with
the U.S. Internal Revenue Service under or with respect to FATCA; or


 


(vii) any combination of the taxes referred
to in (i) through (vi) above.


 


In addition, no payments of Additional
Amounts will be made with respect to any payment on this Security if the Holder of this Security is a fiduciary, partnership or
a person other than the sole beneficial owner of any payment, and, by the laws of the jurisdiction in which the Issuer is resident
for tax purposes, that payment would be required for tax purposes to be included in income of a beneficiary or settlor with respect
to the fiduciary, a member of that partnership or a beneficial owner who would not have been entitled to the Additional Amounts
had that beneficiary, settlor, member or beneficial owner been the Holder of this Security.


 


The Issuer will remit the full amount of
any taxes withheld to the applicable taxing authorities in accordance with the applicable law. The Issuer will also provide the
Trustee with documentation reasonably satisfactory to the Trustee


 




     


     


    

evidencing
the payment of any taxes in respect of which the Issuer has paid Additional Amounts. The Issuer will provide copies of such documentation
to the Holder of this Security upon request.


 


Any reference in the Indenture or this
Security to principal, premium or interest in respect of this Security will be deemed also to refer to any Additional Amounts that
may be payable with respect to such principal, premium or interest under the obligations referred to herein.


 


The Indenture permits, with certain exceptions
as therein provided, the amendment thereof and the modification of the rights and obligations of the Issuer and the rights of the
Holders of the Securities of each series to be affected under the Indenture at any time by the Issuer and the Trustee with the
consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be affected.
The Indenture also contains provisions permitting the Holders of specified percentages in principle amount of the Securities of
each series at the time Outstanding, on behalf of the Holders of all Securities of such series to waive compliance by the Issuer
with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent
or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security
and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation
of such consent or waiver is made upon this Security.


 


As set forth in, and subject to, the provisions
of the Indenture, no Holder of any Security of this series will have any right to institute any proceeding with respect to the
Indenture, this Security or for any remedy thereunder, unless such Holder shall have previously given to the Trustee written notice
of a continuing Event of Default with respect to the Securities of this series, the Holders of not less than 25% in principal amount
of the Outstanding Securities of this series shall have made written request, and offered reasonable indemnity, to the Trustee
to institute such proceeding as trustee, and the Trustee shall not have received from the Holders of a majority in principal of
the Outstanding Securities of this series a direction inconsistent with such request and shall have failed to institute such proceeding
within 60 days; provided, however, that such limitations do not apply to a suit instituted by the Holder hereof for
the enforcement of payment of the principal (and premium, if any) or any interest on this Security on or after the respective due
dates expressed herein.


 


No reference herein to the Indenture and
no provision of this Security or of the Indenture shall alter or impair the obligation of the Issuer, which is absolute and unconditional,
to pay the principal of and any premium and interest on this Security at the times, place and rate, and in the coin or currency,
herein prescribed or to convert this Security as provided in the Indenture.


 




     


     


    

The Securities of this series are issuable
only in registered form without coupons in denominations of U.S.$2,000 and integral multiples of U.S.$1,000 in excess thereof.


 


No service charge shall be made for any
registration of transfer or exchange, but the Issuer or the Trustee may require payment of a sum sufficient to cover any tax or
other governmental charge payable in connection therewith.


 


Prior to due presentation of this Security
for registration of transfer, the Issuer, the Trustee and any agent of the Issuer or the Trustee may treat the Person in whose
name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither of
the Issuer nor the Trustee nor any such agent shall be affected by notice to the contrary.


 


This Security shall be governed by and
construed in accordance with the laws of the State of New York.


 


Unless otherwise defined herein, all terms
used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture.


 




     


     


    

SCHEDULE OF PRINCIPAL AMOUNT


 


The initial principal amount of this Security
shall be U.S.$500,000,000. The following decreases/increases in the principal amount of this Security have been made:


 


	
        Date
        of Decrease/Increase

         
	
        Decrease
        in Principal Amount

         
	
        Increase
        in Principal Amount

         
	
        Total
        Principal Amount Following such Decrease/Increase

         
	
        Notation
        Made by or on Behalf of Trustee

         

	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 






     


     


    

THIS SECURITY IS A GLOBAL REGISTERED SECURITY WITHIN THE
MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY
MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE
REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED
IN THE INDENTURE.


 


ASTRAZENECA PLC


 


1.375% Notes due 2030


 


No. 002


U.S.$500,000,000


 


CUSIP No. 046353AW8


ISIN No. US046353AW81


 


ASTRAZENECA PLC, a public limited company
incorporated under the laws of England and Wales (herein called the “Issuer”, which term includes any successor
Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered
assigns, the principal sum of Five Hundred Million United States Dollars on August 6, 2030 and to pay interest thereon from August
6, 2020 or from the most recent Interest Payment Date (as defined below) to which interest has been paid or duly provided for,
semiannually in arrears on February 6 and August 6 in each year, commencing February 6, 2021 (each, an “Interest Payment
Date”), at the rate of 1.375% per annum, until the principal hereof is paid or made available for payment. The interest
so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid
to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the
Regular Record Date (as defined below) for such interest which shall be the 15th calendar day preceding such Interest
Payment Date (whether or not such day is a Business Day (as defined below)), as the case may be. Any such interest not so punctually
paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to
the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a subsequent
record date (the “Special Record Date”) for the payment of such defaulted interest to be fixed by the Trustee
(which shall not be less than five Business Days prior to the date of payment of such defaulted interest), notice whereof shall
be given to Holders of Securities of this series not less than 15 days prior to such Special Record Date, or


 




     


     


    

be
paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities
of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture.


 


Payment of the principal of (and premium,
if any) and any such interest on this Security will be made at the office or agency of the Issuer maintained for that purpose in
New York City, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of
public and private debts; provided, however, that at the option of the Issuer payment of interest may be made by
check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register.


 


Reference is hereby made to the further
provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect
as if set forth at this place.


 


Unless the certificate of authentication
hereon has been executed by the Trustee by manual signature of an authorized signatory, this Security shall not be entitled to
any benefit under the Indenture or be valid or obligatory for any purpose.


 




     


     


    

IN WITNESS WHEREOF, the Issuer has caused
this instrument to be duly executed.


 


Dated: August 6, 2020


 






















	 	ASTRAZENECA PLC
	 	 
	 	 
	 	By: 	/s/ Jonathan Slade
	 	 	Name:	Jonathan Slade

	 	 	Title:	Group Treasurer



 


	 	 
	 	By: 	/s/ Matthew Bowden
	 	 	Name:	Matthew Bowden

	 	 	Title:	Deputy Company Secretary





 











	 






 


 


[Signature
page to Global Note]


 



     


     


    




 


This is one of the Securities of the series
designated herein and referred to in the within-mentioned Indenture.


 


Dated: August 6, 2020








 


	 	THE BANK OF NEW YORK MELLON
	 	As Trustee
	 	 
	 	 
	 	By: 	/s/ Leslie Morales
	 	 		





 


 



 


 


 



     


     


    




 








This Security is one of a duly authorized
issue of securities of the Issuer (herein called the “Securities”), issued and to be issued in one or more series
under an Indenture, dated as of April 1, 2004 (herein called the “Indenture” which term shall have the meaning
assigned to it in such instrument), among the Issuer and The Bank of New York Mellon (formerly known as The Bank of New York),
as successor Trustee (herein called the “Trustee”, which term includes any other successor trustee under the
Indenture) to JPMorgan Chase Bank, and reference is hereby made to the Indenture and to the Officers’ Certificate delivered
pursuant to Section 2.08 of the Indenture with respect to this security for a statement of the respective rights, limitations of
rights, duties and immunities thereunder of the Issuer, the Trustee and the Holders of the Securities and of the terms upon which
the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof,
initially limited in aggregate principal amount to U.S.$1,300,000,000.


 


The Securities of this series are subject
to redemption, as a whole or in part, from time to time, at the election of the Issuer, upon not less than 15 nor more than 60
days’ notice, as follows: (i) prior to May 6, 2030 (the “Par Call Date”), at a Redemption Price equal
to the greater of (A) 100% of the principal amount of the Securities to be redeemed, and (B) as determined by the Quotation Agent
(as defined below), the sum of the present values of the remaining scheduled payments of principal and interest thereon (assuming
for this purpose that such series of Notes matured on the Par Call Date and not including any portion of such payments of interest
accrued as of the date of redemption) discounted to the date of redemption on a semiannual basis (assuming a 360-day year consisting
of twelve 30-day months) at the Treasury Rate plus 15 basis points, and (ii) on or after the Par Call Date, at a redemption price
equal to 100% of the principal amount of the Securities to be redeemed; plus, in each of cases (A) and (B) above, accrued interest
thereon to but excluding the date of redemption.


 


“Business Day” means any day which is
not, in London, England or New York, New York, or the place of payment of amounts payable in respect of the Securities, a Saturday,
a Sunday, a legal holiday or a day on which banking institutions are authorized or obligated by law, regulation or executive order
to close.


 


“Comparable Treasury Issue” means the
United States Treasury security selected by the Quotation Agent as having an actual or interpolated maturity comparable to the
remaining term of the Securities to be redeemed that would be utilized, at the time of selection and in accordance with customary
financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Securities
(assuming for this purpose that such Securities matured on the Par Call Date).


 




     


     


    

“Comparable Treasury Price” means, with
respect to any redemption date, (i) the average, as determined by the Quotation Agent, of the Reference Treasury Dealer Quotations
for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (ii) if the Quotation
Agent obtains fewer than three such Reference Treasury Dealer Quotations, the average of all such Quotations.


 


“Quotation Agent” means the Reference
Treasury Dealer appointed by the Issuer.


 


“Reference Treasury Dealer” means (i)
each of BofA Securities, Inc., HSBC Securities (USA) Inc. and Mizuho Securities USA LLC, and their respective successors or affiliates;
provided, however, that if the foregoing shall cease to be a primary U.S. Government securities dealer in New York City
(a “Primary Treasury Dealer”), the Issuer shall substitute therefor another Primary Treasury Dealer; and (ii) any other
Primary Treasury Dealer selected by the Issuer.


 


“Reference Treasury Dealer Quotations”
means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Quotation Agent,
of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the Trustee by such Reference Treasury Dealer at 3:30 p.m., New York City time, on the third Business Day
preceding such redemption date.


 


“Treasury Rate” means, with respect to
any redemption date, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue,
assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable
Treasury Price for such redemption date.


 


The Indenture contains provisions to the
effect that, in the event of various tax law changes and other limited circumstances that require the Issuer to pay Additional
Amounts (as defined below), the Issuer may redeem all, but not less than all, of the Securities of a series at a price equal to
100% of the principal amount of the Securities plus accrued interest thereon to but excluding the date of redemption, which provisions
apply to this Security.


 


In the event of redemption of this Security
in part only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof will be issued in
the name of the Holder hereof upon the cancellation hereof.


 




     


     


    

The Indenture contains provisions for defeasance
at any time of the entire indebtedness on this Security upon compliance by the Issuer with certain conditions set forth thereon,
which provisions apply to this Security.


 


If an Event of Default with respect to Securities
of this series shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in
the manner and with the effect provided in the Indenture.


 


The Issuer may, at its option, at any time
and without the consent of the Holders, reopen the Securities of this series and issue additional Securities in one or more transactions
with terms (other than the issuance date and, possibly, first Interest Payment Date, original interest accrual date and issue price)
identical to the Securities of this series. These additional Securities will be deemed to have been part of the Securities of this
series and will provide the Holders of these additional Securities the right to vote together with Holders of the Securities of
this series; provided, however, that if these additional Securities are not fungible with the Securities of this series for U.S.
federal income tax purposes, these additional Securities will have a different CUSIP or other identifying number.


 


Any amounts to be paid by the Issuer under
this Security of principal, premium and interest in respect of this Security will be paid without deduction or withholding for
any and all present and future taxes, levies, duties, assessments, imposts or other governmental charges of whatever nature imposed,
assessed, levied or collected by or for the account of the government of any jurisdiction in which the Issuer is resident for tax
purposes (presently, the United Kingdom) or any political subdivision or taxing authority of such jurisdiction, unless such withholding
or deduction is required by law. If such deduction or withholding is at any time required, the Issuer will pay such additional
amounts (“Additional Amounts”) as will result in the receipt of such amounts as would have been received by
the Holder had no such withholding or deduction been required, provided that the Issuer will not have to pay Additional Amounts
if:


 


(i)       the
tax, levy, impost or other governmental charge would not have been imposed, assessed, levied or collected but for the Holder’s
(or beneficial owner’s) connection to the jurisdiction in which the Issuer is resident for tax purposes, other than by merely
holding this Security or by receiving principal, premium, if any, or interest, if any, on this Security, or enforcing this Security.
These connections include where the Holder or beneficial owner:


 


		·	is or has been a domiciliary, national or resident of such jurisdiction;



 


		·	is or has been engaged in a trade or business in such jurisdiction;



 


		·	has or had a permanent establishment in such jurisdiction; or



 


		·	is or has been physically present in such jurisdiction;



 




     


     


    

			



 


(ii)       the
tax, levy, impost or other governmental charge would not have been imposed, assessed, levied or collected but for presentation
of this Security for payment, if presentation is required, more than 30 days after this Security became due or payment was provided
for;


 


(iii)       
the tax, levy, impost or other governmental charge is an estate, inheritance, gift, sale, transfer, personal property or similar
tax, levy, impost or other governmental charge;


 


(iv)       
the tax, levy, impost or other governmental charge is payable in a manner that does not involve deduction or withholding from payments
on or in respect of this Security;


 


(v)       the
tax, levy, impost or other governmental charge would not have been imposed or withheld but for the failure of the Holder or beneficial
owner, upon a reasonable request, addressed to the Holder, to comply with any certification, identification or other reporting
requirement concerning the Holder’s or the beneficial owner’s nationality, residence, identity or connection with any
jurisdiction in which the Issuer is resident for tax purposes, if compliance is required by any treaty, statute, regulation or
administrative practice of such jurisdiction as a condition to relief or exemption from such tax, levy, impost or other governmental
charge;


 


(vi)       
the tax, levy, impost or other governmental charge is required by Sections 1471 through 1474 of the Internal Revenue Code of 1986,
as amended (“FATCA”), any current or future U.S. Treasury Regulations or rulings promulgated thereunder, any
intergovernmental agreement between the United States and any other jurisdiction to implement FATCA (an “IGA”),
any law, regulation or other official guidance enacted in any jurisdiction implementing FATCA or an IGA, or any agreement with
the U.S. Internal Revenue Service under or with respect to FATCA; or


 


(vii) any combination of the taxes referred
to in (i) through (vi) above.


 


In addition, no payments of Additional
Amounts will be made with respect to any payment on this Security if the Holder of this Security is a fiduciary, partnership or
a person other than the sole beneficial owner of any payment, and, by the laws of the jurisdiction in which the Issuer is resident
for tax purposes, that payment would be required for tax purposes to be included in income of a beneficiary or settlor with respect
to the fiduciary, a member of that partnership or a beneficial owner who would not have been entitled to the Additional Amounts
had that beneficiary, settlor, member or beneficial owner been the Holder of this Security.


 


The Issuer will remit the full amount of
any taxes withheld to the applicable taxing authorities in accordance with the applicable law. The Issuer will also provide the
Trustee with documentation reasonably satisfactory to the Trustee


 




     


     


    

evidencing
the payment of any taxes in respect of which the Issuer has paid Additional Amounts. The Issuer will provide copies of such documentation
to the Holder of this Security upon request.


 


Any reference in the Indenture or this
Security to principal, premium or interest in respect of this Security will be deemed also to refer to any Additional Amounts that
may be payable with respect to such principal, premium or interest under the obligations referred to herein.


 


The Indenture permits, with certain exceptions
as therein provided, the amendment thereof and the modification of the rights and obligations of the Issuer and the rights of the
Holders of the Securities of each series to be affected under the Indenture at any time by the Issuer and the Trustee with the
consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be affected.
The Indenture also contains provisions permitting the Holders of specified percentages in principle amount of the Securities of
each series at the time Outstanding, on behalf of the Holders of all Securities of such series to waive compliance by the Issuer
with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent
or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security
and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation
of such consent or waiver is made upon this Security.


 


As set forth in, and subject to, the provisions
of the Indenture, no Holder of any Security of this series will have any right to institute any proceeding with respect to the
Indenture, this Security or for any remedy thereunder, unless such Holder shall have previously given to the Trustee written notice
of a continuing Event of Default with respect to the Securities of this series, the Holders of not less than 25% in principal amount
of the Outstanding Securities of this series shall have made written request, and offered reasonable indemnity, to the Trustee
to institute such proceeding as trustee, and the Trustee shall not have received from the Holders of a majority in principal of
the Outstanding Securities of this series a direction inconsistent with such request and shall have failed to institute such proceeding
within 60 days; provided, however, that such limitations do not apply to a suit instituted by the Holder hereof for
the enforcement of payment of the principal (and premium, if any) or any interest on this Security on or after the respective due
dates expressed herein.


 


No reference herein to the Indenture and
no provision of this Security or of the Indenture shall alter or impair the obligation of the Issuer, which is absolute and unconditional,
to pay the principal of and any premium and interest on this Security at the times, place and rate, and in the coin or currency,
herein prescribed or to convert this Security as provided in the Indenture.


 




     


     


    

The Securities of this series are issuable
only in registered form without coupons in denominations of U.S.$2,000 and integral multiples of U.S.$1,000 in excess thereof.


 


No service charge shall be made for any
registration of transfer or exchange, but the Issuer or the Trustee may require payment of a sum sufficient to cover any tax or
other governmental charge payable in connection therewith.


 


Prior to due presentation of this Security
for registration of transfer, the Issuer, the Trustee and any agent of the Issuer or the Trustee may treat the Person in whose
name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither of
the Issuer nor the Trustee nor any such agent shall be affected by notice to the contrary.


 


This Security shall be governed by and
construed in accordance with the laws of the State of New York.


 


Unless otherwise defined herein, all terms
used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture.


 




     


     


    

SCHEDULE OF PRINCIPAL AMOUNT


 


The initial principal amount of this Security
shall be U.S.$500,000,000. The following decreases/increases in the principal amount of this Security have been made:


 


	
        Date
        of Decrease/Increase

         
	
        Decrease
        in Principal Amount

         
	
        Increase
        in Principal Amount

         
	
        Total
        Principal Amount Following such Decrease/Increase

         
	
        Notation
        Made by or on Behalf of Trustee

         

	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 






     


     


    

THIS SECURITY IS A GLOBAL REGISTERED SECURITY WITHIN THE
MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY
MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE
REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED
IN THE INDENTURE.


 


ASTRAZENECA PLC


 


1.375% Notes due 2030


 


No. 003


U.S.$300,000,000


 


CUSIP No. 046353AW8


ISIN No. US046353AW81


 


ASTRAZENECA PLC, a public limited company
incorporated under the laws of England and Wales (herein called the “Issuer”, which term includes any successor
Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered
assigns, the principal sum of Three Hundred Million United States Dollars on August 6, 2030 and to pay interest thereon from August
6, 2020 or from the most recent Interest Payment Date (as defined below) to which interest has been paid or duly provided for,
semiannually in arrears on February 6 and August 6 in each year, commencing February 6, 2021 (each, an “Interest Payment
Date”), at the rate of 1.375% per annum, until the principal hereof is paid or made available for payment. The interest
so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid
to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the
Regular Record Date (as defined below) for such interest which shall be the 15th calendar day preceding such Interest
Payment Date (whether or not such day is a Business Day (as defined below)), as the case may be. Any such interest not so punctually
paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to
the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a subsequent
record date (the “Special Record Date”) for the payment of such defaulted interest to be fixed by the Trustee
(which shall not be less than five Business Days prior to the date of payment of such defaulted interest), notice whereof shall
be given to Holders of Securities of this series not less than 15 days prior to such Special Record Date, or


 




     


     


    

be
paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities
of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture.


 


Payment of the principal of (and premium,
if any) and any such interest on this Security will be made at the office or agency of the Issuer maintained for that purpose in
New York City, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of
public and private debts; provided, however, that at the option of the Issuer payment of interest may be made by
check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register.


 


Reference is hereby made to the further
provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect
as if set forth at this place.


 


Unless the certificate of authentication
hereon has been executed by the Trustee by manual signature of an authorized signatory, this Security shall not be entitled to
any benefit under the Indenture or be valid or obligatory for any purpose.


 




     


     


    

IN WITNESS WHEREOF, the Issuer has caused
this instrument to be duly executed.


 


Dated: August 6, 2020


 


 

























	 	ASTRAZENECA PLC
	 	 
	 	 
	 	By: 	/s/ Jonathan Slade
	 	 	Name:	Jonathan Slade

	 	 	Title:	Group Treasurer



 


	 	 
	 	By: 	/s/ Matthew Bowden
	 	 	Name:	Matthew Bowden

	 	 	Title:	Deputy Company Secretary





 











	 






 


 


[Signature
page to Global Note]


 



     


     


    




 


This is one of the Securities of the series
designated herein and referred to in the within-mentioned Indenture.


 


Dated: August 6, 2020








 


	 	THE BANK OF NEW YORK MELLON
	 	As Trustee
	 	 
	 	 
	 	By: 	/s/ Leslie Morales
	 	 		





 


 


 



     


     


    




 


This Security is one of a duly authorized
issue of securities of the Issuer (herein called the “Securities”), issued and to be issued in one or more series
under an Indenture, dated as of April 1, 2004 (herein called the “Indenture” which term shall have the meaning
assigned to it in such instrument), among the Issuer and The Bank of New York Mellon (formerly known as The Bank of New York),
as successor Trustee (herein called the “Trustee”, which term includes any other successor trustee under the
Indenture) to JPMorgan Chase Bank, and reference is hereby made to the Indenture and to the Officers’ Certificate delivered
pursuant to Section 2.08 of the Indenture with respect to this security for a statement of the respective rights, limitations of
rights, duties and immunities thereunder of the Issuer, the Trustee and the Holders of the Securities and of the terms upon which
the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof,
initially limited in aggregate principal amount to U.S.$1,300,000,000.


 


The Securities of this series are subject
to redemption, as a whole or in part, from time to time, at the election of the Issuer, upon not less than 15 nor more than 60
days’ notice, as follows: (i) prior to May 6, 2030 (the “Par Call Date”), at a Redemption Price equal
to the greater of (A) 100% of the principal amount of the Securities to be redeemed, and (B) as determined by the Quotation Agent
(as defined below), the sum of the present values of the remaining scheduled payments of principal and interest thereon (assuming
for this purpose that such series of Notes matured on the Par Call Date and not including any portion of such payments of interest
accrued as of the date of redemption) discounted to the date of redemption on a semiannual basis (assuming a 360-day year consisting
of twelve 30-day months) at the Treasury Rate plus 15 basis points, and (ii) on or after the Par Call Date, at a redemption price
equal to 100% of the principal amount of the Securities to be redeemed; plus, in each of cases (A) and (B) above, accrued interest
thereon to but excluding the date of redemption.


 


“Business Day” means any day which is
not, in London, England or New York, New York, or the place of payment of amounts payable in respect of the Securities, a Saturday,
a Sunday, a legal holiday or a day on which banking institutions are authorized or obligated by law, regulation or executive order
to close.


 


“Comparable Treasury Issue” means the
United States Treasury security selected by the Quotation Agent as having an actual or interpolated maturity comparable to the
remaining term of the Securities to be redeemed that would be utilized, at the time of selection and in accordance with customary
financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Securities
(assuming for this purpose that such Securities matured on the Par Call Date).


 


“Comparable Treasury Price” means, with
respect to any redemption date, (i) the average, as determined by the Quotation Agent, of the Reference Treasury Dealer Quotations
for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (ii) if the Quotation
Agent obtains fewer than three such Reference Treasury Dealer Quotations, the average of all such Quotations.


 




     


     


    

“Quotation Agent” means the Reference
Treasury Dealer appointed by the Issuer.


 


“Reference Treasury Dealer” means (i)
each of BofA Securities, Inc., HSBC Securities (USA) Inc. and Mizuho Securities USA LLC, and their respective successors or affiliates;
provided, however, that if the foregoing shall cease to be a primary U.S. Government securities dealer in New York City
(a “Primary Treasury Dealer”), the Issuer shall substitute therefor another Primary Treasury Dealer; and (ii) any other
Primary Treasury Dealer selected by the Issuer.


 


“Reference Treasury Dealer Quotations”
means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Quotation Agent,
of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the Trustee by such Reference Treasury Dealer at 3:30 p.m., New York City time, on the third Business Day
preceding such redemption date.


 


“Treasury Rate” means, with respect to
any redemption date, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue,
assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable
Treasury Price for such redemption date.


 


The Indenture contains provisions to the
effect that, in the event of various tax law changes and other limited circumstances that require the Issuer to pay Additional
Amounts (as defined below), the Issuer may redeem all, but not less than all, of the Securities of a series at a price equal to
100% of the principal amount of the Securities plus accrued interest thereon to but excluding the date of redemption, which provisions
apply to this Security.


 


In the event of redemption of this Security
in part only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof will be issued in
the name of the Holder hereof upon the cancellation hereof.


 


The Indenture contains provisions for defeasance
at any time of the entire indebtedness on this Security upon compliance by the Issuer with certain conditions set forth thereon,
which provisions apply to this Security.


 


If an Event of Default with respect to Securities
of this series shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in
the manner and with the effect provided in the Indenture.


 


The Issuer may, at its option, at any time
and without the consent of the Holders, reopen the Securities of this series and issue additional Securities in one or more transactions
with terms (other than the issuance date and, possibly, first Interest Payment Date, original interest accrual date and issue price)
identical to the Securities of this series. These additional Securities will be deemed to have been part of the Securities of this
series and will provide the Holders of these additional Securities the right to vote together with Holders of the Securities of
this series; provided, however, that if these additional Securities are not fungible with the Securities of this


 




     


     


    

series
for U.S. federal income tax purposes, these additional Securities will have a different CUSIP or other identifying number.


 


Any amounts to be paid by the Issuer under
this Security of principal, premium and interest in respect of this Security will be paid without deduction or withholding for
any and all present and future taxes, levies, duties, assessments, imposts or other governmental charges of whatever nature imposed,
assessed, levied or collected by or for the account of the government of any jurisdiction in which the Issuer is resident for tax
purposes (presently, the United Kingdom) or any political subdivision or taxing authority of such jurisdiction, unless such withholding
or deduction is required by law. If such deduction or withholding is at any time required, the Issuer will pay such additional
amounts (“Additional Amounts”) as will result in the receipt of such amounts as would have been received by
the Holder had no such withholding or deduction been required, provided that the Issuer will not have to pay Additional Amounts
if:


 


(i)       the
tax, levy, impost or other governmental charge would not have been imposed, assessed, levied or collected but for the Holder’s
(or beneficial owner’s) connection to the jurisdiction in which the Issuer is resident for tax purposes, other than by merely
holding this Security or by receiving principal, premium, if any, or interest, if any, on this Security, or enforcing this Security.
These connections include where the Holder or beneficial owner:


 


		·	is or has been a domiciliary, national or resident of such jurisdiction;



 


		·	is or has been engaged in a trade or business in such jurisdiction;



 


		·	has or had a permanent establishment in such jurisdiction; or



 


		·	is or has been physically present in such jurisdiction;



 


(ii)       the
tax, levy, impost or other governmental charge would not have been imposed, assessed, levied or collected but for presentation
of this Security for payment, if presentation is required, more than 30 days after this Security became due or payment was provided
for;


 


(iii)       
the tax, levy, impost or other governmental charge is an estate, inheritance, gift, sale, transfer, personal property or similar
tax, levy, impost or other governmental charge;


 


(iv)       
the tax, levy, impost or other governmental charge is payable in a manner that does not involve deduction or withholding from payments
on or in respect of this Security;


 


(v)       the
tax, levy, impost or other governmental charge would not have been imposed or withheld but for the failure of the Holder or beneficial
owner, upon a reasonable request, addressed to the Holder, to comply with any certification, identification or other reporting
requirement concerning the Holder’s or the beneficial owner’s nationality, residence, identity or connection with any
jurisdiction in which the Issuer is resident for tax purposes, if compliance is required by any treaty, statute, regulation or
administrative practice of such jurisdiction as a condition to relief or exemption from such tax, levy, impost or other governmental
charge;


 


(vi)       
the tax, levy, impost or other governmental charge is required by Sections 1471 through 1474 of the Internal Revenue Code of 1986,
as amended (“FATCA”), any current or future U.S. Treasury Regulations or rulings promulgated thereunder, any
intergovernmental agreement between the United States and any other jurisdiction to implement FATCA (an “IGA”),
any law, regulation or other official guidance enacted in any jurisdiction implementing FATCA or an


 




     


     


    

IGA,
or any agreement with the U.S. Internal Revenue Service under or with respect to FATCA; or


 


(vii) any combination of the taxes referred
to in (i) through (vi) above.


 


In addition, no payments of Additional
Amounts will be made with respect to any payment on this Security if the Holder of this Security is a fiduciary, partnership or
a person other than the sole beneficial owner of any payment, and, by the laws of the jurisdiction in which the Issuer is resident
for tax purposes, that payment would be required for tax purposes to be included in income of a beneficiary or settlor with respect
to the fiduciary, a member of that partnership or a beneficial owner who would not have been entitled to the Additional Amounts
had that beneficiary, settlor, member or beneficial owner been the Holder of this Security.


 


The Issuer will remit the full amount of
any taxes withheld to the applicable taxing authorities in accordance with the applicable law. The Issuer will also provide the
Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of any taxes in respect of which the Issuer
has paid Additional Amounts. The Issuer will provide copies of such documentation to the Holder of this Security upon request.


 


Any reference in the Indenture or this
Security to principal, premium or interest in respect of this Security will be deemed also to refer to any Additional Amounts that
may be payable with respect to such principal, premium or interest under the obligations referred to herein.


 


The Indenture permits, with certain exceptions
as therein provided, the amendment thereof and the modification of the rights and obligations of the Issuer and the rights of the
Holders of the Securities of each series to be affected under the Indenture at any time by the Issuer and the Trustee with the
consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be affected.
The Indenture also contains provisions permitting the Holders of specified percentages in principle amount of the Securities of
each series at the time Outstanding, on behalf of the Holders of all Securities of such series to waive compliance by the Issuer
with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent
or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security
and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation
of such consent or waiver is made upon this Security.


 


As set forth in, and subject to, the provisions
of the Indenture, no Holder of any Security of this series will have any right to institute any proceeding with respect to the
Indenture, this Security or for any remedy thereunder, unless such Holder shall have previously given to the Trustee written notice
of a continuing Event of Default with respect to the Securities of this series, the Holders of not less than 25% in principal amount
of the Outstanding Securities of this series shall have made written request, and offered reasonable indemnity, to the Trustee
to institute such proceeding as trustee, and the Trustee shall not have received from the Holders of a majority in principal of
the Outstanding Securities of this series a direction inconsistent with such request and shall have failed to institute such proceeding
within 60 days; provided, however, that such limitations do not apply to a suit instituted by the Holder hereof for
the enforcement of payment of the principal (and premium, if any) or any interest on this Security on or after the respective due
dates expressed herein.


 




     


     


    

No reference herein to the Indenture and
no provision of this Security or of the Indenture shall alter or impair the obligation of the Issuer, which is absolute and unconditional,
to pay the principal of and any premium and interest on this Security at the times, place and rate, and in the coin or currency,
herein prescribed or to convert this Security as provided in the Indenture.


 


The Securities of this series are issuable
only in registered form without coupons in denominations of U.S.$2,000 and integral multiples of U.S.$1,000 in excess thereof.


 


No service charge shall be made for any
registration of transfer or exchange, but the Issuer or the Trustee may require payment of a sum sufficient to cover any tax or
other governmental charge payable in connection therewith.


 


Prior to due presentation of this Security
for registration of transfer, the Issuer, the Trustee and any agent of the Issuer or the Trustee may treat the Person in whose
name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither of
the Issuer nor the Trustee nor any such agent shall be affected by notice to the contrary.


 


This Security shall be governed by and
construed in accordance with the laws of the State of New York.


 


Unless otherwise defined herein, all terms
used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture.


 




     


     


    

SCHEDULE OF PRINCIPAL AMOUNT


 


The initial principal amount of this Security
shall be U.S.$300,000,000. The following decreases/increases in the principal amount of this Security have been made:


 


	
        Date
        of Decrease/Increase

         
	
        Decrease
        in Principal Amount

         
	
        Increase
        in Principal Amount

         
	
        Total
        Principal Amount Following such Decrease/Increase

         
	
        Notation
        Made by or on Behalf of Trustee

         

	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 


	
 

	
 

	
 

	
 

	
 






     


     


    

Exhibit C


 


 


 


 




     


     


    

THIS SECURITY IS A GLOBAL REGISTERED SECURITY WITHIN THE
MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY
MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE
REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED
IN THE INDENTURE.


 


ASTRAZENECA PLC


 


2.125% Notes due 2050


 


No. 001


U.S.$500,000,000


 


CUSIP No. 046353AX6


ISIN No. US046353AX64


 


ASTRAZENECA PLC, a public limited company
incorporated under the laws of England and Wales (herein called the “Issuer”, which term includes any successor
Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered
assigns, the principal sum of Five Hundred Million United States Dollars on August 6, 2050 and to pay interest thereon from August
6, 2020 or from the most recent Interest Payment Date (as defined below) to which interest has been paid or duly provided for,
semiannually in arrears on February 6 and August 6 in each year, commencing February 6, 2021 (each, an “Interest Payment
Date”), at the rate of 2.125% per annum, until the principal hereof is paid or made available for payment. The interest
so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid
to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the
Regular Record Date (as defined below) for such interest which shall be the 15th calendar day preceding such Interest
Payment Date (whether or not such day is a Business Day (as defined below)), as the case may be. Any such interest not so punctually
paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to
the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a subsequent
record date (the “Special Record Date”) for the payment of such defaulted interest to be fixed by the Trustee
(which shall not be less than five Business Days prior to the date of payment of such defaulted interest), notice whereof shall
be given to Holders of Securities of this series not less than 15 days prior to such Special Record Date, or


 




     


     


    

be
paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities
of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture.


 


Payment of the principal of (and premium,
if any) and any such interest on this Security will be made at the office or agency of the Issuer maintained for that purpose in
New York City, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of
public and private debts; provided, however, that at the option of the Issuer payment of interest may be made by
check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register.


 


Reference is hereby made to the further
provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect
as if set forth at this place.


 


Unless the certificate of authentication
hereon has been executed by the Trustee by manual signature of an authorized signatory, this Security shall not be entitled to
any benefit under the Indenture or be valid or obligatory for any purpose.


 




     


     


    

IN WITNESS WHEREOF, the Issuer has caused
this instrument to be duly executed.


 


Dated: August 6, 2020


 





 

























	 	ASTRAZENECA PLC
	 	 
	 	 
	 	By: 	/s/ Jonathan Slade
	 	 	Name:	Jonathan Slade

	 	 	Title:	Group Treasurer



 


	 	 
	 	By: 	/s/ Matthew Bowden
	 	 	Name:	Matthew Bowden

	 	 	Title:	Deputy Company Secretary





 











	 






 


 


[Signature
page to Global Note]


 



     


     


    




 


This is one of the Securities of the series
designated herein and referred to in the within-mentioned Indenture.


 


Dated: August 6, 2020








 


	 	THE BANK OF NEW YORK MELLON
	 	As Trustee
	 	 
	 	 
	 	By: 	/s/ Leslie Morales
	 	 		





 


 





 



     


     


    




 


This Security is one of a duly authorized
issue of securities of the Issuer (herein called the “Securities”), issued and to be issued in one or more series
under an Indenture, dated as of April 1, 2004 (herein called the “Indenture” which term shall have the meaning
assigned to it in such instrument), among the Issuer and The Bank of New York Mellon (formerly known as The Bank of New York),
as successor Trustee (herein called the “Trustee”, which term includes any other successor trustee under the
Indenture) to JPMorgan Chase Bank, and reference is hereby made to the Indenture and to the Officers’ Certificate delivered
pursuant to Section 2.08 of the Indenture with respect to this security for a statement of the respective rights, limitations of
rights, duties and immunities thereunder of the Issuer, the Trustee and the Holders of the Securities and of the terms upon which
the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof,
initially limited in aggregate principal amount to U.S.$500,000,000.


 


The Securities of this series are subject
to redemption, as a whole or in part, from time to time, at the election of the Issuer, upon not less than 15 nor more than 60
days’ notice, as follows: (i) prior to February 6, 2050 (the “Par Call Date”), at a Redemption Price equal
to the greater of (A) 100% of the principal amount of the Securities to be redeemed, and (B) as determined by the Quotation Agent
(as defined below), the sum of the present values of the remaining scheduled payments of principal and interest thereon (assuming
for this purpose that such series of Notes matured on the Par Call Date and not including any portion of such payments of interest
accrued as of the date of redemption) discounted to the date of redemption on a semiannual basis (assuming a 360-day year consisting
of twelve 30-day months) at the Treasury Rate plus 15 basis points, and (ii) on or after the Par Call Date, at a redemption price
equal to 100% of the principal amount of the Securities to be redeemed; plus, in each of cases (A) and (B) above, accrued interest
thereon to but excluding the date of redemption.


 


“Business Day” means any day which is
not, in London, England or New York, New York, or the place of payment of amounts payable in respect of the Securities, a Saturday,
a Sunday, a legal holiday or a day on which banking institutions are authorized or obligated by law, regulation or executive order
to close.


 


“Comparable Treasury Issue” means the
United States Treasury security selected by the Quotation Agent as having an actual or interpolated maturity comparable to the
remaining term of the Securities to be redeemed that would be utilized, at the time of selection and in accordance with customary
financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Securities
(assuming for this purpose that such Securities matured on the Par Call Date).


 


“Comparable Treasury Price” means, with
respect to any redemption date, (i) the average, as determined by the Quotation Agent, of the Reference Treasury Dealer Quotations
for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (ii) if the Quotation
Agent obtains fewer than three such Reference Treasury Dealer Quotations, the average of all such Quotations.


 




     


     


    

“Quotation Agent” means the Reference
Treasury Dealer appointed by the Issuer.


 


“Reference Treasury Dealer” means (i)
each of BofA Securities, Inc., HSBC Securities (USA) Inc. and Mizuho Securities USA LLC, and their respective successors or affiliates;
provided, however, that if the foregoing shall cease to be a primary U.S. Government securities dealer in New York City
(a “Primary Treasury Dealer”), the Issuer shall substitute therefor another Primary Treasury Dealer; and (ii) any other
Primary Treasury Dealer selected by the Issuer.


 


“Reference Treasury Dealer Quotations”
means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Quotation Agent,
of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the Trustee by such Reference Treasury Dealer at 3:30 p.m., New York City time, on the third Business Day
preceding such redemption date.


 


“Treasury Rate” means, with respect to
any redemption date, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue,
assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable
Treasury Price for such redemption date.


 


The Indenture contains provisions to the
effect that, in the event of various tax law changes and other limited circumstances that require the Issuer to pay Additional
Amounts (as defined below), the Issuer may redeem all, but not less than all, of the Securities of a series at a price equal to
100% of the principal amount of the Securities plus accrued interest thereon to but excluding the date of redemption, which provisions
apply to this Security.


 


In the event of redemption of this Security
in part only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof will be issued in
the name of the Holder hereof upon the cancellation hereof.


 


The Indenture contains provisions for defeasance
at any time of the entire indebtedness on this Security upon compliance by the Issuer with certain conditions set forth thereon,
which provisions apply to this Security.


 


If an Event of Default with respect to Securities
of this series shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in
the manner and with the effect provided in the Indenture.


 


The Issuer may, at its option, at any time
and without the consent of the Holders, reopen the Securities of this series and issue additional Securities in one or more transactions
with terms (other than the issuance date and, possibly, first Interest Payment Date, original interest accrual date and issue price)
identical to the Securities of this series. These additional Securities will be deemed to have been part of the Securities of this
series and will provide the Holders of these additional Securities the right to vote together with Holders of the Securities of
this series; provided, however, that if these additional Securities are not fungible with the Securities of this


 




     


     


    

series
for U.S. federal income tax purposes, these additional Securities will have a different CUSIP or other identifying number.


 


Any amounts to be paid by the Issuer under
this Security of principal, premium and interest in respect of this Security will be paid without deduction or withholding for
any and all present and future taxes, levies, duties, assessments, imposts or other governmental charges of whatever nature imposed,
assessed, levied or collected by or for the account of the government of any jurisdiction in which the Issuer is resident for tax
purposes (presently, the United Kingdom) or any political subdivision or taxing authority of such jurisdiction, unless such withholding
or deduction is required by law. If such deduction or withholding is at any time required, the Issuer will pay such additional
amounts (“Additional Amounts”) as will result in the receipt of such amounts as would have been received by
the Holder had no such withholding or deduction been required, provided that the Issuer will not have to pay Additional Amounts
if:


 


(i)       the
tax, levy, impost or other governmental charge would not have been imposed, assessed, levied or collected but for the Holder’s
(or beneficial owner’s) connection to the jurisdiction in which the Issuer is resident for tax purposes, other than by merely
holding this Security or by receiving principal, premium, if any, or interest, if any, on this Security, or enforcing this Security.
These connections include where the Holder or beneficial owner:


 


		·	is or has been a domiciliary, national or resident of such jurisdiction;



 


		·	is or has been engaged in a trade or business in such jurisdiction;



 


		·	has or had a permanent establishment in such jurisdiction; or



 


		·	is or has been physically present in such jurisdiction;



 


(ii)       the
tax, levy, impost or other governmental charge would not have been imposed, assessed, levied or collected but for presentation
of this Security for payment, if presentation is required, more than 30 days after this Security became due or payment was provided
for;


 


(iii)       
the tax, levy, impost or other governmental charge is an estate, inheritance, gift, sale, transfer, personal property or similar
tax, levy, impost or other governmental charge;


 


(iv)       
the tax, levy, impost or other governmental charge is payable in a manner that does not involve deduction or withholding from payments
on or in respect of this Security;


 


(v)       the
tax, levy, impost or other governmental charge would not have been imposed or withheld but for the failure of the Holder or beneficial
owner, upon a reasonable request, addressed to the Holder, to comply with any certification, identification or other reporting
requirement concerning the Holder’s or the beneficial owner’s nationality, residence, identity or connection with any
jurisdiction in which the Issuer is resident for tax purposes, if compliance is required by any treaty, statute, regulation or
administrative practice of such jurisdiction as a condition to relief or exemption from such tax, levy, impost or other governmental
charge;


 


(vi)       
the tax, levy, impost or other governmental charge is required by Sections 1471 through 1474 of the Internal Revenue Code of 1986,
as amended (“FATCA”), any current or future U.S. Treasury Regulations or rulings promulgated thereunder, any
intergovernmental agreement between the United States and any other jurisdiction to implement FATCA (an “IGA”),
any law, regulation or other official guidance enacted in any jurisdiction implementing FATCA or an


 




     


     


    

IGA,
or any agreement with the U.S. Internal Revenue Service under or with respect to FATCA; or


 


(vii) any combination of the taxes referred
to in (i) through (vi) above.


 


In addition, no payments of Additional
Amounts will be made with respect to any payment on this Security if the Holder of this Security is a fiduciary, partnership or
a person other than the sole beneficial owner of any payment, and, by the laws of the jurisdiction in which the Issuer is resident
for tax purposes, that payment would be required for tax purposes to be included in income of a beneficiary or settlor with respect
to the fiduciary, a member of that partnership or a beneficial owner who would not have been entitled to the Additional Amounts
had that beneficiary, settlor, member or beneficial owner been the Holder of this Security.


 


The Issuer will remit the full amount of
any taxes withheld to the applicable taxing authorities in accordance with the applicable law. The Issuer will also provide the
Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of any taxes in respect of which the Issuer
has paid Additional Amounts. The Issuer will provide copies of such documentation to the Holder of this Security upon request.


 


Any reference in the Indenture or this
Security to principal, premium or interest in respect of this Security will be deemed also to refer to any Additional Amounts that
may be payable with respect to such principal, premium or interest under the obligations referred to herein.


 


The Indenture permits, with certain exceptions
as therein provided, the amendment thereof and the modification of the rights and obligations of the Issuer and the rights of the
Holders of the Securities of each series to be affected under the Indenture at any time by the Issuer and the Trustee with the
consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be affected.
The Indenture also contains provisions permitting the Holders of specified percentages in principle amount of the Securities of
each series at the time Outstanding, on behalf of the Holders of all Securities of such series to waive compliance by the Issuer
with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent
or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security
and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation
of such consent or waiver is made upon this Security.


 


As set forth in, and subject to, the provisions
of the Indenture, no Holder of any Security of this series will have any right to institute any proceeding with respect to the
Indenture, this Security or for any remedy thereunder, unless such Holder shall have previously given to the Trustee written notice
of a continuing Event of Default with respect to the Securities of this series, the Holders of not less than 25% in principal amount
of the Outstanding Securities of this series shall have made written request, and offered reasonable indemnity, to the Trustee
to institute such proceeding as trustee, and the Trustee shall not have received from the Holders of a majority in principal of
the Outstanding Securities of this series a direction inconsistent with such request and shall have failed to institute such proceeding
within 60 days; provided, however, that such limitations do not apply to a suit instituted by the Holder hereof for
the enforcement of payment of the principal (and premium, if any) or any interest on this Security on or after the respective due
dates expressed herein.


 




     


     


    

No reference herein to the Indenture and
no provision of this Security or of the Indenture shall alter or impair the obligation of the Issuer, which is absolute and unconditional,
to pay the principal of and any premium and interest on this Security at the times, place and rate, and in the coin or currency,
herein prescribed or to convert this Security as provided in the Indenture.


 


The Securities of this series are issuable
only in registered form without coupons in denominations of U.S.$2,000 and integral multiples of U.S.$1,000 in excess thereof.


 


No service charge shall be made for any
registration of transfer or exchange, but the Issuer or the Trustee may require payment of a sum sufficient to cover any tax or
other governmental charge payable in connection therewith.


 


Prior to due presentation of this Security
for registration of transfer, the Issuer, the Trustee and any agent of the Issuer or the Trustee may treat the Person in whose
name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither of
the Issuer nor the Trustee nor any such agent shall be affected by notice to the contrary.


 


This Security shall be governed by and
construed in accordance with the laws of the State of New York.


 


Unless otherwise defined herein, all terms
used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture.


 




     


     


    

SCHEDULE OF PRINCIPAL AMOUNT


 


The initial principal amount of this Security
shall be U.S.$500,000,000. The following decreases/increases in the principal amount of this Security have been made:


 


	
        Date
        of Decrease/Increase

         
	
        Decrease
        in Principal Amount

         
	
        Increase
        in Principal Amount

         
	
        Total
        Principal Amount Following such Decrease/Increase

         
	
        Notation
        Made by or on Behalf of Trustee